Townhouse buy & hold investment.
Purchase price: $87,000
Cash invested: $28,000
Baltimore row home, I acquired the property because I like the area and it was a good cash flow deal for my numbers and strategy.
What made you interested in investing in this type of deal?
I'm looking to increase my rental portfolio, I'm familiar with the area and have been trying to acquire more properties in this part of the city.
How did you find this deal and how did you negotiate it?
MLS I knew my numbers since before the properties was available. I lost another deal in that same street just a few months ago but was able to acquire this one (more sqft). For now it is rented but when I decided to renovate and sell it will be a really good deal fro the area.
How did you finance this deal?
How did you add value to the deal?
I'm improving the quality of living for the tenant that I inherited by putting a brand new HVAC system. Other than that the property is in great shape so I'm not doing any additional repairs for now.
What was the outcome?
Rented property cash flowing around $400 a month
Lessons learned? Challenges?
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
The best realtor in Maryland @Sarah Tavarez, she is my wife :) and we have purchased 6 properties so far and she has helped other investors as well.
@Jonathan Tavarez It seem like you landed a great deal.
400 bucks in cash flow is great! Congrats on landing that deal.
Thanks @Dwayne Wheeler
Congratulations @Jonathan Tavarez !
@Jonathan Tavarez congratulations! $400 cash flow is awesome.
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