Single-family residence buy & hold investment.
First investment property...plan is to fix and use as a rental, refi or Heloc to do it again once complete and rented. There are plenty of sub 50k SFHs that will rent for 700-1000 depending on location within the Quad Cities.
What made you interested in investing in this type of deal?
Looking to replace my W2 income
How did you find this deal and how did you negotiate it?
HUD website...no negotiating with HUD, just happened to be the offer they accepted.
How did you finance this deal?
Traditional financing with rehab cost being provided by private capital.
How did you add value to the deal?
Will be fixing the all the hardwood floors, replacing windows, fixing the small cracks in the plaster walls, paint, landscaping, replacing the front stairs and porch surface.
Congrats! Do you have pictures of the property?
will have some soon...all will currently be beforehand pics...
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