Updated over 1 year ago on . Most recent reply
my second investment
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $150,000
Cash invested: $60,000
Rented it for $2195. Mortgage payment is approx $1800. Cash flow = $400
How did you find this deal and how did you negotiate it?
MLS -
How did you finance this deal?
Cash from an equity line
How did you add value to the deal?
Moved kitchen and removed walls
What was the outcome?
Rented pretty quickly
Lessons learned? Challenges?
I personally will try to avoid buying a home under 1000 square feet again.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Me. ;-)