Single Fam Hold

[Christopher Berra]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $25,000
Cash invested: $5,000

I bought this property in a package of 4. Long-term tenant that always pays on time. Turnkey rental.

What made you interested in investing in this type of deal?

Long-term tenant. Purchased in a package so I was able to buy it for about 50% of ARV.

How did you find this deal and how did you negotiate it?

I found it through another investor that was doing a 1031 into a larger property. I met him through networking.

How did you finance this deal?

Cash.

What was the outcome?

Property has tripled in value since I purchased it.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I'm a Realtor and Property Manager.