6th rental investment purchase

[Micah Dingler]

Investment Info:

Single-family residence buy & hold investment in Little Rock.

Purchase price: $80,000
Cash invested: $20,000

3 bed 1 bath fenced back yard with carport

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

pocket listing from realtor. small home. turn key property

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

realtor found it, he guided me as to make decent offer with market as crazy as it is.

How did you finance this deal?

conventional loan

How did you add value to the deal?

turn key property. just need paint. older couple going in to nursing home just needed money for their care.

What was the outcome?

bought it a few weeks ago appraised for a little bit higher than purchase cost. a friend was helping paint and suggested a renter. now rented for a year

Lessons learned? Challenges?

if it's a good deal find a way to make it work. negotiate with property owners to bankers. just get the deal

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

robert richardson again