Buy and Hold Joplin Mo

[Jeoffrey McCalla]

Investment Info:

Single-family residence buy & hold investment in Carterville.

Purchase price: $129,450
Cash invested: $18,375

Brand new construction 3 bed 2 bath home. Excellent school district and up and coming area is what really gives this home its value.

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

We had some 1031 exchange funds we needed to spend and this deal was to good to pass up!

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

Realtor brought it to me.

How did you finance this deal?

15% down, 20 year note.

What was the outcome?

1 year lease signed at $1200/mo.