Investment Info:

Single-family residence buy & hold investment in Festus.

Purchase price: $200,000
Cash invested: $20,000

Property #21. Bought off MLS for $195,000 with a 4% interest rate at 25 yr am a commercial lender. Sold as a Lease with Option to Buy at $200,000 price at $2,000/month.

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

Low cash in. Tenant in place before we close. High cash on cash ROI

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

our tenant-buyer picked out the home off the MLS

How did you finance this deal?

commercial loan + private money

How did you add value to the deal?

none.

What was the outcome?

100% on time paymnets thus far. no expenses.

Lessons learned? Challenges?

hot market requires fast action