sfr columbia mo rental long term hold
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $65,000
2 bed 1 bath very long term tenant, will move out soon due to health issues. home will need to be complete gut to studs and rebuilt. current rent $750/month. self manage
What made you interested in investing in this type of deal?
cash flow and add value through rehab.
How did you find this deal and how did you negotiate it?
bought off market
How did you finance this deal?
conv 30 year mortgage
How did you add value to the deal?
I will flip for $60k and boost ARV to $180k and rent to $1300
What was the outcome?
not done yet. waiting for tenant to leave