Rental Property - Conventional Loan at 2% financing

[Theresa Mack]

Investment Info:

Townhouse buy & hold investment in Annville.

Purchase price: $103,750
Cash invested: $31,460
Sale price: $103,750

Purchased off the market

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

Rents go around $1200 or $500 per door.

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

Neighbor

How did you finance this deal?

Conventional Loan 20% down on 15 year loan at 2%

How did you add value to the deal?

Eliminated Realtor Fees

What was the outcome?

Close in August and move on to the next property.

Lessons learned? Challenges?

So far so good. I'm sure there may be some in the future.

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

no