Single Family Home#4

[Nitin John Abraham]

Investment Info:

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

Purchase price: $41,640
Cash invested: $7,087

3 bd1 bath 744 sqft

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

Long term tenant in place on a voucher.

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

Found this deal on the MLS through my agent

How did you finance this deal?

Conventional financing 20% down

How did you add value to the deal?

Negotiated a new roof prior to sale based on inspection

Lessons learned? Challenges?

Property was originally priced at $59,000. The key was patience to let the home get to the right price that i wanted to pay.