First Residential Buy and Hold
Investment Info:
Single-family residence buy & hold investment in Ardmore.
Purchase price: $37,000
Cash invested: $30,000
My first Residential Buy and Hold. Was condemned by the city when purchased.
How did you find this deal and how did you negotiate it?
Cash out Refi
How did you finance this deal?
Conventional financing through local Bank
How did you add value to the deal?
Did a complete remodel.
What was the outcome?
Have gained $30,000 in equity and cashflows $350 a month.
Lessons learned? Challenges?
More issues than what was expected and took 6 additional weeks to complete than what was planned.
