Updated over 3 years ago on . Most recent reply
Nampa Single Family LTR
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $326,000
Contributors:
Grant Schroeder
Purchased SF home with Investor Friendly Lender as a long term rental. Property was nearly turn key just needed a little love and updated paint scheme to get best rental rates.
What made you interested in investing in this type of deal?
The balance of returns and involvement.
How did you find this deal and how did you negotiate it?
MLS, and Through agents.
How did you finance this deal?
With an investor loan product allowing 10% down.
How did you add value to the deal?
Cleaned up property and Proper Mangement
What was the outcome?
Qualifies Tenants and monthly cashflow.
Lessons learned? Challenges?
Closed and rehabed this deal on the way and during a trip to Disney with the family by having a great team in place. Allowing me to get renters into the property ASAP.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Agents, Lenders, Title & Escrow, Contractors.
