Single-family residence buy & hold investment in Louisville.
Purchase price: $210,000
Cash invested: $1,800
We picked up another two rentals for our company! These don't need much and we'll spend a few grand on them after the current renters are out, if we can't get a rent increase. We picked these up through a wholesaler and financed with private money. We love houses like this in Louisville!
What made you interested in investing in this type of deal?
Adding to the portfolio in the area!
How did you find this deal and how did you negotiate it?
Through a wholesaler and we got a discount to buy both.
How did you finance this deal?
How did you add value to the deal?
Light rehab after the tenants move out, if they want to move out
What was the outcome?
Lessons learned? Challenges?
Buy more properties at once!
@Jordan Moorhead . Nice work ! Love Louisville.
Mind posting your lender if they were a local company there? I’m scoping out the local lenders there lately haha. Trying to get in on more there ! Great deal
@Dustin Lauer it's just a guy we know!
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