Long-term hold the sale

[John Thomas]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $110,000
Cash invested: $25,000
Sale price: $125,000

Long-term rental with cash flow. Tenants paid off mortgage, then liquidated.

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

Good rental income

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

Craigslist

How did you finance this deal?

Seller finance

How did you add value to the deal?

Moderate renovation

What was the outcome?

Sold

Lessons learned? Challenges?

Large lot in growing area.

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

No