Second Purchase in a year

[Anthony Hummel]

Investment Info:

Single-family residence buy & hold investment in Maryville.

Purchase price: $148,500
Cash invested: $65,000

SFR 3 bed/2 bath 2 car garage- for buy and hold. Doing light rehab, paint, flooring,
Rent $1,600 - $1,700

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

Great area, good schools, below median price point

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

MLS

How did you finance this deal?

Conventional, 25% down

Lessons learned? Challenges?

Found some hidden rot from a poorly installed deck. Fortunately was not too expensive to repair.

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

Yes