Updated about 3 years ago on . Most recent reply
Charlotte Townhouse Rental
Investment Info:
Townhouse buy & hold investment.
Purchase price: $295,000
Cash invested: $5,000
Bought the house and lived it in for 1 year and then turned it into a rental. Renting by the room to maximize cash flow.
What made you interested in investing in this type of deal?
Bought the house utilizing grants so it was only $5k out of pocket, too good to pass up.
How did you find this deal and how did you negotiate it?
Was looking for a house that would work good as a future rental.
How did you finance this deal?
Conventional loan
What was the outcome?
Renting it for $2,600 a month. PITI = $1525
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I represented myself.