Brand newish build (not my normal strategy)

[Ryan Hoover]

Investment Info:

Single-family residence buy & hold investment in Surprise.

Purchase price: $275,000
Cash invested: $55,000

Long term buy and hold in a great neighborhood with amazing amenities. This home is basically brand new, built in the end of 2019. I was able to negotiate down to about $15k under market and will have decent cash flow right off the bat without having to do any upgrades. As the market is heating up significantly, I have had to become more creative to find deals that fit my long term goals.

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

Great community amenities and potential area appreciation due to some construction projects and growth.

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

Found it on the MLS like all my properties.

How did you finance this deal?

Conventional 30 year mortgage at a 3.3% interest rate!