Central Sioux Falls 4+ Bed 3 Bath 2 Stall

[Destinie Marshall]

Investment Info:

Single-family residence buy & hold investment in Sioux Falls.

Purchase price: $150,000
Cash invested: $2,500

Contributors:
Adam Jaros

Purchased a 2+ bed 2 bath 2 stall garage in February, basement already had another 1/2 bath and 2 framed bedrooms. Finished basement for $2500, and now renting for $1500/month will be increasing in 2021. Valued at about $199,000 right now.

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

The house was significantly under valued, and I knew it would make a great rental with the amount of bedrooms/bathrooms and location to colleges and hospitals in Sioux Falls.

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

I found the deal from inside my brokerage, agent told me the bottom dollar the seller was willing to take, so easy.

How did you finance this deal?

Conventional Financing

How did you add value to the deal?

I was able to work with my business partner and find the deal before it hit the market.

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

I was the real estate agent for the buyers side of this property. We worked with a local lender in Sioux Falls.