Buy and hold, our first home deal

[Logan Barbour]

Investment Info:

Single-family residence other investment.

Purchase price: $165,000
Cash invested: $8,000

Contributors:
Jason Coleman

Making some major updates, moving in next month. Currently debating living-in for a while then renting vs flipping. (Most likely live in then rent - Estimating 350-500 cashflow monthly.)

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

@jasoncoleman found and negotiated this exceptional deal.

How did you finance this deal?

30 yr 2.875% -
5% down

How did you add value to the deal?

Escrow account to repair all basement issues, no out of pocket expenses down there (Extensive mold issues.)
Self-pay cash for bathroom, kitchen, updates. (Most work performed on our own.)

What was the outcome?

TBD

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

Real estate agent and investor @JasonColeman