Huntsville, AL SFH buy and hold deal
Investment Info:
Single-family residence buy & hold investment in Harvest.
Purchase price: $107,750
Cash invested: $9,000
First Deal in new market; Huntsville, AL. PITI ~700/mo rent 1100/mo
What made you interested in investing in this type of deal?
Cash return, growing market with potential
How did you find this deal and how did you negotiate it?
MLS, purchases near list with small inspection concession
How did you finance this deal?
“Second Home Loan”
How did you add value to the deal?
Painted and cleaned, professional photos and listed for rent
What was the outcome?
Rented in two weeks @ asking rent
Lessons learned? Challenges?
Get organized, communicate regularly and often and say the obvious amongst your team (make no assumptions!)
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes! Leah and Jonathan Waldrop
