My 3rd Residential investment

[Gary Stringer]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $175,000
Cash invested: $175,000

2BR 2Ba single family detached

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

Located in a great area

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

One of my customers asked if I wanted to buy it. I had been doing maintenance on the property for about 12 years

How did you finance this deal?

All cash

How did you add value to the deal?

I have performed $5000 in capital improvements

Lessons learned? Challenges?

Don't wait til you are 70 years old to buy investment property. Try and get an earlier start