First fix and rent in the metro Atlanta Area
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $100,000
Cash invested: $15,000
Purchased this property off market as rental for below market value and made cosmetic repairs to increase rent by $3,000 per month.
What made you interested in investing in this type of deal?
This property exceeded the golden rule of rent being over 1% of market value.
How did you find this deal and how did you negotiate it?
Private networking
How did you finance this deal?
conventional
How did you add value to the deal?
By making small cosmetic updates.
What was the outcome?
The property grossed high revenue and within 2 years it increased in value by 15%
Lessons learned? Challenges?
I would use more leverage more funding verse using my own funds in order to invest in more properties.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
No, I brokered myself.