SFH 2 Bedroom/1 bathroom Tudor home

[Kesete Thompkins]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $70,000
Cash invested: $23,000

2bd/1 bth Tudor Home

What made you interested in investing in this type of deal?

The price and condition of the house made this deal intriguing. The deal also fit our criteria at the time

How did you find this deal and how did you negotiate it?

I found this deal on Craigslist one evening before going to sleep. The seller wanted out of the house and wanted someone to pay what she owed on the house.

How did you finance this deal?

Cash

How did you add value to the deal?

Renovations to the kitchen, bathroom, exposing the hardwood

What was the outcome?

We continue to rent the house to a wonderful tenant who uses a Section 8 housing voucher

Lessons learned? Challenges?

1. EVERY house needs some type of renovation or updating
2. Get a roofer!