Single family buy and hold rental

[Jessica Evans]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $350,000
Cash invested: $150,000

Purchased as buy and hold rental. Expanding from 4 bedrooms/3 bathrooms to 6 bedrooms 3 bathrooms by excavating the basement.

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

Cash flow potential and appreciation

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

On market, MLS

How did you finance this deal?

Commercial renovation loan