Updated about 3 years ago on .
Townhome Rental Property
Investment Info:
Townhouse buy & hold investment in Monument Valley.
Purchase price: $145,000
Cash invested: $40,000
3 bedroom, 2.5 bathroom, two story townhouse with a backyard, and single car garage. I updated the floors, paint, countertops, lighting, and hardware. I also remodeled the master bathroom bringing it from a single sink to a twin sink.
What made you interested in investing in this type of deal?
What attracted me to this deal was how little capital it was going to take to initially invest.
How did you find this deal and how did you negotiate it?
I went through a local realtor in the Jacksonville.
How did you finance this deal?
I used the VA loan
How did you add value to the deal?
Updated the interior of the property.
What was the outcome?
I have been successfully renting it out and generating positive cash flow.