Donora pa sfh- needs rehab

[Levi Giafaglione]

Investment Info:

Single-family residence buy & hold investment in Donora.

Purchase price: $14,977
Cash invested: $1,500

Long term hold as rental.
2/1
900sqft

Pending renovation loan

Purchase: 14,900
Rehab: 30,000
Arv: 55,000

Rent comps:$800

Noi: $5800
DSCR 15 year: 1.5x
DSCR 30 year: 2.39x

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

Creative financing.
Low cost.
Starter investment.
Small house.

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

I searched Zillow for owner financed properties. Found a few and narrowed it down.

How did you finance this deal?

Seller will carry for 7 years

How did you add value to the deal?

Will be renovating it and putting tenants in

What was the outcome?

Pending rehab loan

Lessons learned? Challenges?

I shouldnt be so afraid to talk to people.

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

Bob Veitch went over and checked out the property for me. He changed the locks and sent me plenty of pictures. He is also on bp.