Happy Valley Buy and Hold

[Lance Nelson]

Investment Info:

Single-family residence buy & hold investment in Happy Valley.

Purchase price: $269,000
Cash invested: $5,000

This is my first home that I turned into a cash flowing rental.

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

Just to get in the game!

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

Found on the MLS with a realtor. It appraised $13k under our offer price and the seller reduced the price.

How did you finance this deal?

FHA loan

How did you add value to the deal?

New siding, painted cabinets, new luxury vinyl floors, landscaped, painted interior and exterior.