Investment Info:
Single-family residence buy & hold investment.
Purchase price: $160,000
Cash invested: $35,000
House and Barn on over 5 acres that can be subdivided into 8 plus homes without rezoning. currently leasing barn and house.
What made you interested in investing in this type of deal?
larger land acquisition at great price
How did you find this deal and how did you negotiate it?
real estate broker suggestion
How did you finance this deal?
mortgage and cash
How did you add value to the deal?
inspected property to propose a budget and ensure investment was sound. did all work to home and barn and have yet to have a maintenance item come up since renovations were finished.
What was the outcome?
have had same tenants leasing since march or 2020 has been a fantastic investment so far
Lessons learned? Challenges?
had a tight budget and had to put alot of elbow grease in to get it ready on our target lease date.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
yes
