2 SFR's that cash flow $250/mo

[Michael Van Brunt]

Investment Info:

Single-family residence buy & hold investment in Hamilton.

Purchase price: $35,000

2bd 1 ba rents for $550
3bd 1.5 ba rents for $700

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

Good starting properties

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

Previous owner contacted me.

How did you finance this deal?

Combined with other property that we did a brrr on. Paid cash then refinanced on 20yr note.

How did you add value to the deal?

Rehabbed and updated.

What was the outcome?

Got all our investment back but $5000. Cash flows $250/mo