Plainview, Texas Midterm rental

[Alesha Walker]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $112,000
Cash invested: $25,000

Mid Term rental

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

MLS - had been on for several months

How did you finance this deal?

Bank - used another property with equity to minimize my down payment to $5,000.00

How did you add value to the deal?

fully remodeled inside including new bathroom and flooring through out

Lessons learned? Challenges?

I negotiated down, but wish I would have negotiated down price more as I ended up putting in a bit more than expected into renovation.