Single Family Rental in Louisville

[Jordan Moorhead]

Investment Info:

Single-family residence buy & hold investment in Louisville.

Purchase price: $80,000
Cash invested: $30,000

Another home we added to out portfolio! We bought this from another rental property investor.

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

We are adding to our portfolio. Up to 10 houses now.

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

He gave a price and we said yes! We know the price we can pay in our areas.

How did you finance this deal?

100% private money, we paid $440 for closing costs.

How did you add value to the deal?

Complete rehab.

What was the outcome?

Not done yet but it will rent between $1100-1200.

Lessons learned? Challenges?

We need more deals!