Updated almost 4 years ago on . Most recent reply
My 2nd single family rental investment
Investment Info:
Single-family residence buy & hold investment in Myrtle Beach.
Purchase price: $120,000
Cash invested: $24,000
2 BR 1 Ba 1000 SF detached
What made you interested in investing in this type of deal?
Location and price
How did you find this deal and how did you negotiate it?
Driving around
How did you finance this deal?
20% down with conventioonal financing
How did you add value to the deal?
Made several improvements to the property including new replacement windows and HVAC replacement
What was the outcome?
I have since paid off the mortgage and now have $950/ Mo gross income