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Updated over 1 year ago on . Most recent reply

User Stats

29
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19
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James McMurrey
  • Lender
  • CA CO FL GA OK TN TX VA, & WA
19
Votes |
29
Posts

Buy and Hold #2

James McMurrey
  • Lender
  • CA CO FL GA OK TN TX VA, & WA
Posted

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $60,000
Cash invested: $25,000

Got almost all my money back on cashout refinance. I think it was about $6-7k left in the house. But this has been my best cashflow property. Rent is about $950 and the mortage PITIA is sitting around $460.

How did you add value to the deal?

Remodel

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