Another quality turnkey property in the books!

2 Replies

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $90,000
Cash invested: $15,000
Sale price: $128,000

GREAT little A- class SFR rental we did for one of our clients! It's a cashflowing long-term buy-and-hold that fits into any portfolio nicely. This one was relatively smooth and had no surprises behind the walls, which is always a huge plus! Highly-rated school district and rent above the 1% rule. I don't get much time to post these since we do so many and we're always super busy, but I'm trying to get better about that. :)

Love updating these brick ranches and getting quality tenants in quickly!

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

This property is in a really good location, and we couldn't pass it up.

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

Seller called us and wanted to sell. We met on site and sealed the deal!

How did you finance this deal?

We paid cash, as we do 98% of our deals.

How did you add value to the deal?

We did some nice updates throughout and made the place shine for a new tenant :)

What was the outcome?

A++, would do again! LOL.

@Mark S. Thank you, sir! Right now we're really busy doing Cincinnati up through Dayton. There are a ton of great deals to be had in our backyard here, so that's where we're focusing for the time being. :) We do properties in Kentucky now and then, but not any turnkeys because we offer most of our rental properties with FULL turnkey services, and I just don't have a solid property management team that far south at the moment. Now, if you already have property management set up for some of your other properties in the area, or if you self-manage, that's a different story, of course.

We sold one in Bellevue recently, and another in Florence (Y'all). 

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