SFH Home Investment- buy and old.
Investment Info:
Single-family residence buy & hold investment in Charles City.
Purchase price: $210,000
Cash invested: $20,000
Targeted an ugly duck that had been sitting on the market for 4 months. Secured property 40k under market value and assumed sellers 2.75% VA loan to ensure profitability. SFH generates $1100/mo in profit.
What made you interested in investing in this type of deal?
Long term consistent cash flow.
How did you find this deal and how did you negotiate it?
Home was on market. I found out they had a timeline and needed to sell. They disclosed more info than they should have.
How did you finance this deal?
Assumed VA Loan
How did you add value to the deal?
Light Reno - 20k.
What was the outcome?
Cash Flow $1100/mo
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Matthew Kane Realtor