Longterm Investment Property
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $167,000
Cash invested: $5,000
This charming ranch-style home stands proudly on a spacious and well-maintained lot. Its exterior is characterized by the timeless elegance of all-brick construction, exuding a sense of durability and classic appeal. The bricks have a warm earthy tone that complements the surrounding landscape. The roof features architectural shingles, adding depth and texture to the overall aesthetic.
What made you interested in investing in this type of deal?
Single Family Home. Noticed larger firms were investing I single family homes. ready to begin building my portfolio.
How did you find this deal and how did you negotiate it?
Family friend
How did you finance this deal?
Conventional Mortgage; Finance
How did you add value to the deal?
Light renovation in the kitchen
What was the outcome?
Increased the look a little, a bit more pretty.
Lessons learned? Challenges?
-You never know when you'll have repairs. Prepare for it.
-There is always maintenance to be done.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes,
Ashly West - AT Realty Team
