West Baltimore - Light Rehab

[Thomas Hudak]

Investment Info:

Single-family residence buy & hold investment in Baltimore.

Purchase price: $35,000

Off-Market Single Family Residence purchased in May 2019. Only needed $5,000. Very light rehab. This one was rare in that it offered both high cash-flow and equity.

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

High cash-flow and equity

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

Networking/Marketing

How did you finance this deal?

Commercial mortgage and credit line

How did you add value to the deal?

Light cosmetic rehab

What was the outcome?

High cash-flow and equity

Lessons learned? Challenges?

At times I wish I cashed out the equity via refinance. Then I could use tax free capital to purchase additional investments.