Dogwood House Rental

[Sonya Beeson]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $230,000
Cash invested: $17,000

I turned this single family home into 2 separate rentals. One a two bd one bth mid term furnished rental and one a one bd one bth short term studio.

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

Gaining experience and long term equity building.

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

On market with realtor.

How did you finance this deal?

FHA

How did you add value to the deal?

Adding two rentals and furnishing

Lessons learned? Challenges?

I needed more capital to add another bathroom so I could rent out two separate units to make the money I needed.