Updated over 3 years ago on . Most recent reply
Long-Term Rental Investment Property
Investment Info:
Single-family residence buy & hold investment in Gravette.
Purchase price: $350,000
Cash invested: $5,000
3 Bedroom, 2.5 Bathroom, 1536 Sqft home. 1.84 acre property. Renting for $2200.00 a month.
What made you interested in investing in this type of deal?
Life circumstance enabled me to be able to rent this particular property.
How did you find this deal and how did you negotiate it?
I purchased this property through a VA home loan.
How did you finance this deal?
VA Home Loan
How did you add value to the deal?
I fenced in the property, built a Shed, and added a 1200 Sqft garden plot.
What was the outcome?
In the end i was able to have a mortgage that was lower than the rentable amount which allowed me to have a $260.00 monthly cash-flow.
