Investment Info:

Single-family residence buy & hold investment.

Purchase price: $293,000
Cash invested: $293,000

A location that has potential to develop into a residential super power with excellent road connectivity to the rest of the city. When we invested this was a suburb to an IT hub that employed close to 20,000 people. The area was in its infancy however we saw tremendous opportunity to invest in a gated community. Currently, market value is close to 875k.

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

Envisioned our Future home for our family.

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

Online search and research the area via Google Maps. Find a local agent in the area, it was an out of state investment.

How did you finance this deal?

20% down and rest at milestone construction phases that lasted for three years!

How did you add value to the deal?

Great interiors that attracted awesome tenants

What was the outcome?

Currently renting at $15k per yr.

Lessons learned? Challenges?

Scout for multiple contractors and negotiate hard on pricing not compromising on quality.