5 Bed/3Bath home with Guaranteed income

[David G. Barton]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $115,000
Cash invested: $17,250

5 Bed/3 Bath Single Family home built in 1988, specifically for the County Mental Health Department, as a group home for persons/adults with mental disabilities. The County has been the tenant for 33+ Years

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

High equity yields, so as to utilize as a retirement portfolio.

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

Fellow Realtor brought the deal to me, to pitch to other investors, but as I ran the numbers, it was perfect for what I was looking for.

How did you finance this deal?

Traditional Investment Mortgage, with 15% down.

How did you add value to the deal?

Capital Improvements upon closing

What was the outcome?

All parties being happy

Lessons learned? Challenges?

Ask more questions about the Handyman that services the property

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes, Randy Stamey of Henry County, GA.