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Updated almost 5 years ago,
Second Deal - Single Family Rental
Investment Info:
Single-family residence buy & hold investment in Jacksonville.
Purchase price: $75,000
Cash invested: $17,500
Off market deal. Single family rental that was purchased from an investor. Basically, a turnkey deal as there was little repair work to be done and the rental was already occupied.
How did you finance this deal?
Conventional loan with 20% down.
Lessons learned? Challenges?
Although we are cash flowing on this property and we inherited a great tenant, I learned that sometimes passing on good deals to wait for a better deal is sometimes the way to go. Either way we got our second property under our belt and it is cash flowing!