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?
What was the outcome?
100% on time paymnets thus far. no expenses.
Lessons learned? Challenges?
hot market requires fast action
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