Student rental investment 2

[Philip Breton]

Investment Info:

Single-family residence buy & hold investment in Welland.

Purchase price: $160,000
Cash invested: $30,000
Sale price: $230,000

6 bedroom student Reno conversion. Basement was a full gut to accommodate 3 beds, kitchen, bath, egress windows . Cash flow was 1200m pre tax.

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

Cash flow

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

Mls

How did you finance this deal?

20% dp on conventional mortgage

How did you add value to the deal?

Reno and fully rented.

What was the outcome?

Sold