Investment Info:
Single-family residence buy & hold investment in Star.
Purchase price: $400,000
Cash invested: $24,000
Bought w/low interest rate hoping for great appreciation being that it is in the most desirable part of the Treasure Valley
What made you interested in investing in this type of deal?
New Construction, low maintenance, potentially having instant cash flow which ended up not happening
How did you find this deal and how did you negotiate it?
Thought the builder. No negotiations. Sellers Market
How did you finance this deal?
Conventional 5% down
How did you add value to the deal?
Brand new house, so just fenced the property
Lessons learned? Challenges?
Analyze deals better. Make sure they offer instant cashflow and don't have limitation with being able to rent them right away.
