Buy / Hold / Rent Investment

[Michael T Lyons]

Investment Info:

Single-family residence buy & hold investment in Virginia Beach.

Purchase price: $127,500
Cash invested: $25,500

The property was an MLS listing, turnkey townhouse with No HOA . Upgrades were completed 2 years prior, minimal rehab, added a new roof, then rented 45 days after close.

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

We were looking for a long term investment with a CoC ROI of 9% and greater.

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

MLS

How did you finance this deal?

Personal funds

How did you add value to the deal?

Waited until one year lapsed and refinanced.

What was the outcome?

We are now intaking a CoC ROI of 12.2%