Past buy and hold Rental property in phoenix area

[William T Stephens]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $175,000
Cash invested: $25,000

BEAUTIFUL 5 BEDROOM WITH LOFT 3 FULL BATHS ON A CUL-DE-SAC LOT SEPERATE LIVING AND FAMILY ROOMS,FORMAL DINING AND BREAKFAST AREA LARGE MASTER BEDROOM...UPGRADED QUARTZ COUNTER TOPS IN KITCHEN, TRACT LIGHTING AND BEAUTIFULLY UPGRAGED CABINETS UPGRADED BATHROOM COUNTER TOPS AND FIXTURES INSIDE LAUNDRY ROOM CUSTOM CEILING FANS THROUGHOUT

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

Leverage ratio plus ROI works in my favor

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

My real estate agent

How did you finance this deal?

Bank Loan

How did you add value to the deal?

Cosmetic rebab to kitchen

What was the outcome?

Property is looking great cash on cash numbers working

Lessons learned? Challenges?

Getting started bank process is very hard

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

Yes