New single family cash cow

[Corey Block]

Investment Info:

Single-family residence buy & hold investment in Port Neches.

Purchase price: $100,000
Cash invested: $25,000

Purchased this single family home with the proceeds from a cash out refi I did on another property. I plan to rehab this property once the cost of construction goes back to normal. Until then I will continue to rent the property and get paid to wait.

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

It's in cheaper part of town with a great school district. Rents are top dollar and there are new builds going up all around this home.

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

Found the deal on the local MLS. Ran comps, made fair offer and it was accepted.

How did you finance this deal?

Conventional mortgage

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

I represented myself in the deal, as I am a licensed agent.