Single-family residence buy & hold investment.
Purchase price: $67,000
Cash invested: $10,000
Renting to family member.
What made you interested in investing in this type of deal?
The house was located to close to our house so we wanted to control who moved in!
How did you find this deal and how did you negotiate it?
Purchased from previous neighbor before it hit the market.
@Patrick Sanders Looks like you got yourself a solid investment. Buying before it hit the market was a good move.
We caught a good break. It appraised at almost 2.5x the purchase price after 3 years. Hopefully we can find another good property to purchase.
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