Single-family residence buy & hold investment in Kill Devil Hills.
Purchase price: $200,000
Cash invested: $35,000
3-1 Long term rental. BRRR approach
What made you interested in investing in this type of deal?
Repairs required allowed me to buy a property in OBX below market for LTR
How did you find this deal and how did you negotiate it?
How did you finance this deal?
Cash, rehab then refi
How did you add value to the deal?
Structural repairs and updates including a new kitchen.
Lessons learned? Challenges?
Stay disciplined with your offer and don’t budge
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes, Danielle Taylor
@Chad Daigle Sounds like it's a nice investment. Is this a traditional rental or a vacation rental?
Its a LTR, I haven’t dabbled into the short term game. I just don’t have the time to deal with the support required.
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