Second Property as a Long term hold

[Erik Ledezma]

Investment Info:

Single-family residence buy & hold investment in Grand Rapids.

Purchase price: $169,900
Cash invested: $9,000

Bought as long term hold. currently living in the property & will be rental after one year of occupancy. Great location, so appreciation is a bonus on top of the cashflow.

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

Long term Wealth.

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

MLS / found this deal the same day it was listed. Toured the home that same night, wrote up an offer and got an acceptance the following morning.

How did you finance this deal?

Conventional Loan 5% Downpayment

How did you add value to the deal?

Installed Gutters & other repairs to create an ideal long term property.