Town Home Investment

[Terrione Francis]

Investment Info:

Townhouse buy & hold investment in North Las Vegas.

Purchase price: $230,000
Cash invested: $16,000

Contributors:
Davion J Brooks

New Build by KB homes purchased in the first phase. Lived in this property for a year for work then was relocated and rented it out. Currently rent covers Mortgage and property management fee. Will wait until 20% equity and refi to gain cash-flow and reinvest into more properties.

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

Wanted to learn more about property investment so I jumped in and went for it. Learn by doing!

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

Local Realtor helped and supported this deal.

How did you finance this deal?

Conventional Loan less than 20%

How did you add value to the deal?

Added features like security system and kept home looking brand new.