Primary residence turned rental

[Garrett Laufer]

Investment Info:

Single-family residence buy & hold investment in Papillion.

Purchase price: $200,000
Cash invested: $25,000

Beautifully updated & spacious walk-out ranch in desirable Lakewood Villages. Extremely open floor plan allows you to entertain on both levels. Amenities include granite countertops, bamboo floors, huge finished walk-out basement wired for sound, deck and new 20' patio. Vinyl/brick makes the exterior virtually maintenance free. Relax on the deck & enjoy the amazing views of the horizon. On a quiet street close to schools and park, yet conveniently located to shopping & major thoroughfares.

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

Was going to flip but loved the area and neighborhood so stayed in the property. The market was not where we wanted it when we were ready to sell so we rented it out. It's been our best cash flowing property in our portfolio with the higher end tenants.

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

Found online on a fannie mae site at the time.

How did you finance this deal?

Financed with zero down at the time.