Single Family in Bend

[Chris Parrish]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $264,000
Cash invested: $150,000

Purchased for $272k, but got $8k in closing costs. Financed the purchase price with conventional financing. We will be doing an addition adding about 700 sq. ft. and a detached shop. If everything goes to plan, we should be all in for around $354,000 and the property should be worth about $500,000.

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

Opportunity to multiply money.

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

MLS - I am a broker and negotiated the sales price.

How did you finance this deal?

Conventional Financing.

How did you add value to the deal?

Did an addition, added a shop, and opened up the floor plan. Completely remodeled the home.