Single Family Home in Bridgewater (outside Saline), MI

[Alex McKay]

Investment Info:

Single-family residence buy & hold investment in Saline.

Purchase price: $202,000
Cash invested: $50,000

Just purchased a single family home outside Saline, Michigan in the hamlet of Bridgewater. We are putting in new flooring and doing a bathroom remodel in addition to a few minor updates.

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

We wanted to purchase a property in a good school district.

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

Driving around and saw a For Sale By Owner sign.

How did you finance this deal?

Conventional mortgage through our credit union.