Cute Newly updated SFH with Pole Barn

[Adam Soyak]

Investment Info:

Single-family residence buy & hold investment in Manhattan.

Purchase price: $147,500
Cash invested: $20,000

SFH that has a barn for additional rental income. Modernized the interior and converted heat from electric to gas.

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

Pole barn for added income potential and area is up and coming

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

MLS, offered a fair price

How did you finance this deal?

Bank financing into a BRRRR

How did you add value to the deal?

updated kitchen, added central air and gas heat. updated all plumbing in home.

What was the outcome?

Rented in 1 day off of FB

Lessons learned? Challenges?

Work on this one on the weekends and after my normal W2 job. I could have got it on the market a month sooner if I spent a little more money subcontracting some of the scope.

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

Agent, my wife :)