Bees!!!! Make sure you Do Your Due Dillegence

[Shane Ussery]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $15,000
Cash invested: $20,000

This one just by renting I’ve made 3 times my initial investment in 6 years

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

I look for deals that’s what I do... I just knew I can make money renting it.

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

Went on Trulia .. I believe listing said “seller bring offer” they wanted 25 for it... hvac messed up needed some repairs

How did you finance this deal?

Cash

How did you add value to the deal?

Making Repairs and offering it to society as a Rental which I currently do with this one

What was the outcome?

It’s a rental I still have

Lessons learned? Challenges?

I had some repair men over after the purchase to start repairs. One of the repair men told me I had honeybees in the wall. I had never experienced this before so I started calling around local beekeepers. A Sheriff who happens to be a Beekeeper came out and got them for free. Lesson Learned if u see bees going in an opening investigate a little Further. Learned a Great Deal about Honey Bees. Greatful for the experience

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Listing Agent