Single-family residence other investment.
Purchase price: $44,500
Cash invested: $3,000
This was my first rental. Purchased as foreclosure, fixed it up and started renting it February 1st 2019.
What made you interested in investing in this type of deal?
Youtube video's mostly from Bigger Pockets.
How did you find this deal and how did you negotiate it?
Zillow, contacted a realtor.
How did you finance this deal?
Cash down with 15-year mortgage.
How did you add value to the deal?
Invested $3,000 into kitchen and bathroom remodel.
What was the outcome?
Renting for $800/mo mortgage $400/mo.
What City was this in?
@Derrick Wortman Great job!! Hope you find many more successful deals!
Thanks Guys, this is Newton Falls Ohio, very small town.
Is Newton falls a very rural town? did you have a hard time finding qualified tenants?
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