Smaller town Nebraska

[Louie Masters]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $65,000
Cash invested: $13,000

Nice bungalow 2 and 2 right by a High School.

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

I got a good deal. Great structure. Family neighborhood. By schools.

How did you find this deal and how did you negotiate it?

Local investor told me about it.

How did you finance this deal?

Traditional financing.

How did you add value to the deal?

I've already painted it, put in new carpet, and a little bit of landscaping. Raised the rent $125 a month and no complaints.

What was the outcome?

Not sure yet on the total investment but like I said, I've already increased the rent and the tenants are staying.

Lessons learned? Challenges?

I did not want to use traditional financing is my only complaint. Who has 20% to put down on rental properties?

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Nope.