3/1 SFH / property #2 for me.

[Anthony Gray]

Investment Info:

Single-family residence buy & hold investment in Mabank.

Purchase price: $70,000
Cash invested: $70,000
Monthly income: $950

3/1 SFH located in a nice neighborhood with a large lot.

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

This was a off-market deal that was completed through the sellers family attorney.

How did you finance this deal?

This property was paid in full at closing. Zero financing... I probably should have went another route and used my remaining cash to acquire more properties.

How did you add value to the deal?

This property was a turnkey deal ready to rent, I didn't have to do any rehab besides a nice cleaning before tenant move-in.

What was the outcome?

The current tenants in this property have gave me zero issues & always fix minor issues without having to contact me. I have really enjoyed this property.

Lessons learned? Challenges?

I probably should have listed this rental a bit higher but in the end I am okay with it due to the current tenants being very good tenants.

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

Off- Market deal.