Single-family residence buy & hold investment.
Purchase price: $90,000
Cash invested: $15,000
Sale price: $128,000
GREAT little A- class SFR rental! 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! 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. Highly-rated school district and we were able to easily lease with rent amount above the 1% rule.
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.
Great Job! Was this deal in Ohio?
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