Buy / Hold / Rent Investment

[Michael T Lyons]

Investment Info:

Townhouse buy & hold investment in Virginia Beach.

Purchase price: $168,000
Cash invested: $33,800

This property was an MLS listing for a Buy/Hold/Rental Investment. We are intaking a CoC ROI at 11.92%. In order to acquire the CoC, we are managing our property.

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

A good CoC ROI for the investment. The property is set on a desirable lake and will see higher rent increases than other land locked properties.

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

MLS listing

How did you finance this deal?

Personal funds

How did you add value to the deal?

By managing our property

What was the outcome?

In a Hot!! market, we are able to locate and yield a high rate CoC ROI.