Off Market Single Family Lease/Hold

[Rochelle Buchan]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $225,000
Cash invested: $7,500

I purchased this turn key home from my neighbor who was looking to get out quickly. I paid 6% below market value and have $50k of equity in only 2 months!

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

I was looking for a long-term lease/hold

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

I have a long standing relationship with my neighbor and she offered to sell me the property.

How did you finance this deal?

I used a lender

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

I was the only Realtor in the transaction.