Buy and Hold Delcrest

[John Wigglesworth]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $120,000
Cash invested: $36,000

Single family 3/1 rental. Purchased off of MLS on second day of posting. Numerous offers followed that I suspect were higher after mine was accepted. The roof needed work so the seller agreed to file a claim as I offered to cover any deductible. This saved me $2400 on the new roof. Seller also agreed to complete a new survey. Other than that, I offered the asking price with a quick close. Rents for $1275 for over 8% cash ROI. About $300 a month cashflow.