Update on our Rental
Investment Info:
Single-family residence buy & hold investment in Fernandina Beach.
Purchase price: $365,000
Cash invested: $41,607
This home was a personal residence that we moved into for the purpose of using as a rental property. In August of 2023 we moved to a new home and started renting this home out. This property has been a wonderful property to own.
What made you interested in investing in this type of deal?
It was a nice home in a beautiful area and the numbers made since.
How did you find this deal and how did you negotiate it?
This was an on-market deal.
How did you finance this deal?
This loan was a conventional Loan with 20% down payment.
How did you add value to the deal?
We upgraded the yard a little but overall, it was rent ready when we moved out.
What was the outcome?
This is a wonderful addition to our rental portfolio.
Lessons learned? Challenges?
Not a lot of learning on this deal just wish I could repeat it in the same area.
Most Popular Reply
Love the curb appeal, good luck!