2nd Investment Property 7 doors

[Henry Paschall]

Investment Info:

Single-family residence buy & hold investment in West Plains.

Purchase price: $329,000
Cash invested: $32,900

We purchased 6 single family homes on 1 street. I would have to say that our biggest help in this purchase was our lender Wood & Houston Bank in West Plains, Mo they are great! This property has some growing pains involved, we had to do a lot of repairs and we inherited some awful tenants so we took a big loss on these properties so far. But we put things in place to turn these properties around and learned how to do evictions. This year will hopefully be a profitable year with about 500.00 a month so far.