Single Family Home - Investment Property#8

[Nitin John Abraham]

Investment Info:

Single-family residence buy & hold investment in Kansas City.

Purchase price: $55,000
Cash invested: $12,000

2 bed 1.5 bath. 975 sqft. Bought direct from a seller with a tenant in place, rent at $750

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

Off market deal

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

looking on zillow for properties that were FSBO

How did you finance this deal?

Cash purchase which was then converted into a commercial loan with multiple homes.