Single-family residence buy & hold investment in Elmhurst.
Purchase price: $264,000
Cash invested: $15,000
Updated 3 bed 1 bath home.
What made you interested in investing in this type of deal?
Distressed property in a good school system
How did you find this deal and how did you negotiate it?
Used my owner of my brokerage
How did you finance this deal?
30 yr with 20% down
How did you add value to the deal?
Added hardwood to kitchen so whole house is hardwood. SS appliances. Ceiling fans. Electronic air cleaner. 2 sub pumps. New roof. New driveway. Everything painted.
What was the outcome?
Increased rent year after year
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
My broker owner Larry Reedy
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