Updated about 1 month ago on .
Instant Equity and cash flow with a residential rental.
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $299,000
Cash invested: $70,000
Residential home, purchased approximately 15% under current market value. Property was move in ready with new roof installed.
What made you interested in investing in this type of deal?
Solid investment, less than 5 minutes from my house.
How did you find this deal and how did you negotiate it?
Found on MLS, negotiated a good price with some seller concessions toward closing cost.
How did you finance this deal?
DSCR loan with 20% down.
How did you add value to the deal?
Pre-qualification letter and closing within 30 days.
What was the outcome?
Offer accepted.
Lessons learned? Challenges?
Make sure you have the property properly inspected and negotiate repairs,
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
As a Realtor, I represented myself. Yes, I recommend myself, Carlos Manuel Paz with Berkshire Hathaway Home Services