First BRRRR from my lead generation campaign.

[Kristopher Kyzar]

Investment Info:

Single-family residence buy & hold investment in Carrollton.

Purchase price: $52,500
Cash invested: $13,000

Got this gem through my lead generation campaign. Tired landlord offloading his portfolio. Initially thought I lost it because he got a higher offer, but followed up about a month later to find out he didn't sell. Negotiated from $60,000 to $52,500. Property is in good shape with paying tenant. Great cashflow.

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

This house is in great condition with a tenant in place already. Purchase price makes it cash flow quite well from day one.

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

Contacted by the seller from my lead generation campaign. Initially thought I lost the deal because he had a higher offer. I followed up about a month later to see how it was going, and he never closed. I offered again, and he was happy to accept.

How did you finance this deal?

Commercial loan from local bank. 90% LTC at 3.75%.

How did you add value to the deal?

Embraced the tenant to let them know I'll work to ensure they're taken care of. Got them from a month-to-month on a 1 year lease at the same rate they were already paying. The low cost of this one makes the cash flow fantastic.

What was the outcome?

Great rental unit added to my portfolio!

Lessons learned? Challenges?

Always follow up. No isn't always no when it comes to Real Estate.

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

Jenny L. Colon, P.C. is a fantastic closing agent. Everything is in-house, making for smooth transactions.