First Rental Property in OBX

2 Replies

Investment Info:

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?

MLS/Local Realtor

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

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