New Buy & Hold Investment in Cary, NC

[Scott Ashworth]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $242,250

We just purchased this property (April 29, 2021) - Seller will rent back for $0/month through July 31, 2021. We will do extensive renovation & Rent

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

This property is within my specific niche market.

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

Direct mail (post cards)

How did you finance this deal?

Cash.

How did you add value to the deal?

We closed in 2 weeks, and are renting the property back to the Seller for 3 months for Free. This allows Seller to have their money up front, and then purchase when it is convenient for them...and allows them time to move out at their leisure. Lastly, we threw in some extras like: whatever Seller doesn't want, they can leave and we will discard...we also paid Seller's closing costs, not to include property taxes