Updated 3 months ago on . Most recent reply
Single family rental for out-of-state clients
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $307,000
Cash invested: $76,750
Represented out-of-state investors on a targeted property—researched, toured, and provided detailed visuals for an informed decision. Negotiated aggressively, reducing the price from $330K to $307K and securing repair concessions. Closed smoothly and leased within a week for $2,150/month to a high-quality tenant.
What made you interested in investing in this type of deal?
Great neighborhood, growing population, great buy and hold for long-term appreciation
How did you find this deal and how did you negotiate it?
Found it on MLS. Negotiated by carefully creating CMA, discussing honestly with listing agent as serious clients to buy if rate is good.
How did you finance this deal?
Conventional mortgage
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I was the real estate agent, for my out-of-state clients