Single family investment for father-in-law to live in

[Cassandra Barr]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $125,000
Cash invested: $20,000

Single family home

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

Needed a place to rent to father-in-law

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

Next door to me. My broker was the property manager and I asked him to see if the owner would be interested selling the house.

How did you finance this deal?

Seller Finance. $20000 down, 5% interest, amortized over 30 years, payoff in 5 years.

How did you add value to the deal?

Haven't done anything yet.

What was the outcome?

Holding for now