Rental House acquisition and updated for rental

[Richard Brown]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $45,000
Cash invested: $10,000

We purchased a Single Family Residence and have updated the interior. The goal is to rent the house.

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

We are looking to establish a nice cash flow business to fund future activities and additional home purchases.

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

We found this deal thru a local realtor.

How did you finance this deal?

Cash Deal

How did you add value to the deal?

We came in and cleaned up the property. In addition we stripped down the enclosed patio and refinished the room at a professional level so it could be tied into the entire house seamlessly. We are repainting the interior, refinishing the floors and updating the bathroom and kitchen.