2 SFR's that cash flow $425/mo

[Michael Van Brunt]

Investment Info:

Single-family residence buy & hold investment in Hamilton.

Purchase price: $95,000
Cash invested: $15,000

2 bd 1 ba- $34,000 and 4bd 1.5 ba-$65000. Together cash flow $425/mo.

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

Cash flow

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

Auction and MLS

How did you finance this deal?

Local bank

How did you add value to the deal?

Rehab

What was the outcome?

Good cash flow and ROI

Lessons learned? Challenges?

Challenge is to find a contractor. Learned that it is not difficult to find renters.