All Forum Posts by: Tammy West

I have assignment contracts on deeply discounted buy/holds and fix and flips throughout eastern North Carolina (New Bern, Havelock, Greenville, Rocky Mount, etc) book mark my site www.levelupreinc.com/property

Also for the serious buyers sign up for my VIP program on my site so that you can be the first to see and grab these deals!

HI Greg, at the time I purchased the property 2007 it came with a tenant who was already paying $650 per month. Now the rental rates for that property type is $850-1000 per month. Current monthly mortgage including PIT is $299. I have not had a vacancy on the property since owning it; its near a major university and teaching hospital. HOA fee's are $194 this includes cable, trash, water, landscaping and pool maintenance. Since it's a condo I'm only responsible for the interior walls. I use American Home Shield to cover major home systems HVAC, plumbing, appliances, electrical, etc that is about $45 per month.

Rent collected: $850

Recurring monthly: 

Mortgage (PIT): $299

HOA: $19

AHS: $ 45

No managment fee's

Cash flow monthly: $312

Investment Info:

Single-family residence buy & hold investment in Greenville.

Purchase price: $52,000
Cash invested: $3,600

2 bedroom/ 2 bathroom Condo now valued at $68K

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

Cash flow, turnkey opportunity

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

MLS

How did you finance this deal?

Mortgage broker

How did you add value to the deal?

Paint and new flooring/fixtures

What was the outcome?

Great rental property over the past 10 years