Single-family residence buy & hold investment in Louisville.
Purchase price: $50,000
Cash invested: $45,000
1 and 1/2 bath
1 car attached garage
ARV $145,000 with total invested of $95,000
25 year am
5 year lock
Total payment, tax and ins roughly $675.00
Cashflow (not including PM, vacancy or capx) $575.00
If you can't find deals today make them!
What made you interested in investing in this type of deal?
Equity and cashflow
How did you find this deal and how did you negotiate it?
I got this deal from an agent whom I have bought other deals from . Bought this one in a package deal. Win win for all parties!
How did you finance this deal?
Construction loan to rehab
Refi to perm loan with $0 out of pocket
How did you add value to the deal?
Full gut rehab
What was the outcome?
Kept as a buy and hold
Lessons learned? Challenges?
As always make sure you know what you are buying! Don't assume things are good like floor joist and so on. DO INSPECTIONS!
Do you put your properties in probably Management and if so who do you use?
@Robbie Eddington Thanks for the kind words. I self manage my properties. That said I am looking into property management in the near future.
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