Single-family residence buy & hold investment in Bradenton.
Purchase price: $250,000
Cash invested: $7,000
3 bed/2 bath single family home, upgraded stainless steel appliances, granite countertops, hardwood laminate flooring throughout, updated bathrooms,
What made you interested in investing in this type of deal?
Originally purchased as primary residence for school district and rehabbed to rent.
How did you find this deal and how did you negotiate it?
For sale buy owner before listed driving around an area I wanted to buy in. We negotiated and everyone was happy. I knew the area and new the market was coming back, bought turnkey early, did a few upgrades while we lived in it and now rent makes cash flow
How did you finance this deal?
How did you add value to the deal?
40k in equity
What was the outcome?
Positive cash flow
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Just me and the seller
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