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Updated over 3 years ago,
![Spencer Shadrach's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/169396/1701117588-avatar-sshadra.jpg?twic=v1/output=image/crop=3648x3648@0x444/cover=128x128&v=2)
Picked up a nice little Rental Home in Memphis,TN 38122
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $80,000
Nice little investment I picked up last week. Already rented and performing.
What made you interested in investing in this type of deal?
Cashflow.
How did you find this deal and how did you negotiate it?
Wholesaler brought it to me. I paid his asking price.
How did you finance this deal?
Private Lender financed it for me. 100%
How did you add value to the deal?
Zero Value. Raised the rent after I bought it.
What was the outcome?
Still own it.
Lessons learned? Challenges?
N/a