Calumet City Single Family 1st Investment Property

[Lauren Flynn]

Investment Info:

Single-family residence buy & hold investment in Calumet City.

Purchase price: $86,000
Cash invested: $25,000

Purchase in 2019, put 25,000 into it, refinance EVERYTHING out of it. And no cash flow 600 a month.

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

Suggestion from our local real estate group- safe investment, numbers worked.

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

MLS.

How did you finance this deal?

Commercial BLOC loan

How did you add value to the deal?

New kitchen, paint, new bathrooms, minor repairs to exterior.

What was the outcome?

We refinanced everything out of the house after holding for 4 months.

Lessons learned? Challenges?

It was a really good first property, and we are very happy with it.