Investment Info:

Single-family residence buy & hold investment.

Purchase price: $190,000
Cash invested: $5,500

3 bed 2 bath brick ranch bungalow, operated as a coliving investment property.

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

Rent ready status at a undervalued price point, with appliances already present at the property.

Lessons learned? Challenges?

The importance of cosmetic value adds go a long way, especially in less desirable locations. I learned most about how different neighborhoods impact value, and the importance of buying properties that have multiple uses to generate more rental income off of (multiple rooms, house hack potential, duplex/triplex/ quadplex, or overall a property in a nicer location and/or with nicer finishes to attract the best renters).