This was my second deal
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $56,000
Cash invested: $11,819
3b 1 bath small family residence in south Kansas City.
What made you interested in investing in this type of deal?
I was in my second year of real estate investing and wanted to get anther deal under my belt. I knew about other methods but went with something I knew that was tried and true.
How did you find this deal and how did you negotiate it?
I used MLS with an agent
How did you finance this deal?
20% down conventional loan
How did you add value to the deal?
We will add concrete to the driveway. So far I haven't done much I negotiated a new roof and a new sewer in the buying process.
Lessons learned? Challenges?
I got better cash flow on my second property and also better ROI from using the bigger pocket calculators.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I used Brevin Woydziak, and Emanuel Blando as agents. They have been great in the KC area. I used Arvest Bank on the lending.
