Single family rental purchased at 20% cap rate.
Investment Info:
Single-family residence buy & hold investment in Alcoa.
Purchase price: $54,000
Cash invested: $60,000
Single family rental purchased at 20% cap rate in a competitive rental area.
What made you interested in investing in this type of deal?
There were opportunities beyond rental income that interested me in this property.
How did you find this deal and how did you negotiate it?
Called from billboard.
How did you finance this deal?
Check book.
How did you add value to the deal?
New paint and carpet and removing old damaged shed in rear. Property looks great.
What was the outcome?
Rented quickly.
Lessons learned? Challenges?
Lease structure can be just as creative as purchase structure.
