Single Family Rental

[Troy Engle]

Investment Info:

Townhouse buy & hold investment.

Purchase price: $115,000
Cash invested: $25,000

Semi-detached home in excellent school district; close to a college and hospital.

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

Long term wealth building.

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

MLS, as-is for $135,000 negotiated to $115,000

How did you finance this deal?

HELOC

How did you add value to the deal?

Updated flooring, paint, and new roof.

What was the outcome?

Rented quickly with multiple interests

Lessons learned? Challenges?

Being a landlord is always more work then you hope it will be

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

My wife and I are Realtors