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Updated over 10 years ago on . Most recent reply

User Stats

631
Posts
186
Votes
Tom Keith
  • Investor
  • Longview, TX
186
Votes |
631
Posts

First Buy and Hold

Tom Keith
  • Investor
  • Longview, TX
Posted

hey to all. We just purchased our first buy and hold that is probably rent ready but want to do a little clean up on exterior and replace bathroom fixtures. The process was really good as we got this home from a wonderful person by way of a contact I made at housing department. this is a 2 bed / 2 bath with I carport and wash room and storage building for tenants. Purchase $60,000. Closing cost 15% down and finance $51,000. 20 year at 5% ARV. My favorite part is the front porch. I will send photos when I get the yard mowed. Almost forgot renting for $800.

Most Popular Reply

User Stats

631
Posts
186
Votes
Tom Keith
  • Investor
  • Longview, TX
186
Votes |
631
Posts
Tom Keith
  • Investor
  • Longview, TX
Replied

thanks so much!  @Jon Klaus it is in Gladewater where our flip is located. Yes I put numbers to it before offering.  

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