Looking for feedback on how I may have improved this deal
Investment Info:
Single-family residence buy & hold investment in Casa Grande.
Purchase price: $106
Cash invested: $22,500
This home is a two story beauty! Beautiful kitchen that opens up to family room and office/den. It is in immaculate shape - move in ready. Call and make an appointment today. You will want to call this home
How did you add value to the deal?
I put 20% and bank financed the rest on a 30-year fixed at 3.125%
What was the outcome?
I have gone through 3 renters with about 7% vacancy rate. Interested in learning how to get that down.
Lessons learned? Challenges?
I didn't use a professional property management company. I had some real losers in there to begin with, despite a fairly thorough background check. For me, loosing 10% of the profits is better than spending the time myself.
