Uptown Memphis Buy and Hold
Investment Info:
Single-family residence buy & hold investment in Memphis.
Purchase price: $190,000
Cash invested: $38,000
Purchased to hold at $190,000 with DSCR loan. Home needed zero repairs. Tenant in place. Raised rent on current tenant to $2,000 immediately. Has great potential for short/midterm rental in future bc of its location.
How did you finance this deal?
DSCR loan through Stockton Mortgage
