Investment Info:

Single-family residence buy & hold investment in Alexander.

Purchase price: $143,000
Cash invested: $1,000

Single family home that was built in 2017. Purchased with a 5 year lease option to purchase from seller for existing payoff amount. Amount invested includes notary fee, utility turn on, and $400 in deferred maintenance.

What made you interested in investing in this type of deal?

Helping out the seller and acquiring property with almost no money that turns into instant cashflow

How did you find this deal and how did you negotiate it?

Local realtor, negotiated by mutual interest with seller - directly.

How did you finance this deal?

Five year lease option to purchase with the ability to lease to potential buyers or tenants.

How did you add value to the deal?

Very little money invested and instant cashflow.

What was the outcome?

Cashflow with a 100% ROI.

Lessons learned? Challenges?

You have got to do the leg work in these types of deals. The seller has a headache and they want to do as little as possible. If you have most of the answers, or are willing to find them, the seller will be more willing to work with you.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Absolutely.