Updated over 3 years ago on .
The Start of My Stacking Journey
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $209,000
Cash invested: $15,000
I will be closing on my first deal at the end of Feb. 2022. This property I attianed using an FHA loan and a DPA. This SFH will serve as my primary residence for 1 year as I make it "rent ready". After the 1 year mark I will be renting out the property and looking to do another Owner occupied deal in the same area.
What made you interested in investing in this type of deal?
I believe the area is an up and coming with great schools, a growing population and decent cash flow potential. I also want to start the stacking Method and believe this is the deal that will enable me to build in the future.
How did you find this deal and how did you negotiate it?
I found the deal on the MLS via automatic updates. Since I do not live in the state my agent and I used facetime. After I had an inspection done there was a lot of issues that we brough up to the seller and she agreed to fix.
How did you add value to the deal?
I will be replacing the floors, countertops, changing fixtures, removing a wall, new paint, reglazing the tube, replacing hardware and updating appliances
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
My agent Lisa Mcpherson (678) 612-8059 is the best. She is very knowledgeable, professional and prompt. Loved working with her every minute.