Townhouse in Las Vegas

[Levi Bernard]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $166,643

Las Vegas townhome - previous owners rented back from us for a year.

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

Building our portfolio

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

MLS - my wife is an RE agent and we actively look for great deals

How did you finance this deal?

Cash

How did you add value to the deal?

Negotiated a great price

Lessons learned? Challenges?

Previous owners were heavy in house smokers - we took a $2000 deposit for removing the smell but it ended up costing a lot more than that. We should have gotten estimates for recarpeting and painting for smoke removal - did not anticipate the high price