Investment Info:

Single-family residence buy & hold investment.

Purchase price: $53,500
Cash invested: $53,500
Sale price: $84,500

Held property for 7 months @ $850/month Earned $5,950 in rental income. Tenants were on month to month lease. Gave tenants 6 month notice to vacate when I purchased. Reinvested $5000 of the rental income to do a lite rehab. Sold property for a quick profit same year.

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

The numbers made since

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

MLS ...negotiated based on my inspection of the property and Paying CASH.... which is King when purchasing properties on MLS in my market.

How did you finance this deal?

CASH

How did you add value to the deal?

lite remodel of the kitchen ,refinish floors, new toilet etc...

What was the outcome?

Another Profitable deal...