Single Family Rental with Lease with Option

[Melissa Zimmermann]

Investment Info:

Single-family residence other investment.

Purchase price: $157,000
Cash invested: $40,000

Lease with Option

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

I have buyers who were looking in that area, who are a year away from qualifying

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

MLS

How did you finance this deal?

1031 exchange down and Commercial Loan

How did you add value to the deal?

Purchased it below the appraised value. Will offer it to the tenant at the appraised price within the first year.

What was the outcome?

Tenant is making the monthly rent payments and is looking forward to purchasing.

Lessons learned? Challenges?

I would love to do more of these. It makes my heart happy when we can give a leg up to these buyers!

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

I represented, ourselves the buyer.