Real Estate Deal Analysis & Advice

User Stats

7
Posts
7
Votes
David Rhodes
  • Rental Property Investor
  • Saint Petersburg, FL
7
Votes |
7
Posts

$24,910 in our pockets at Refi. Infinite Returns!!!

David Rhodes
  • Rental Property Investor
  • Saint Petersburg, FL
Posted Jun 26 2019, 11:01

Investment Info:

Single-family residence buy & hold investment in Huntsville.

Purchase price: $35,000
Cash invested: $34,700

This is a buy and holds rental property where we used our INFINITE RETURN strategy. We walked away at closing with $24,910 in our pockets. Now the tenant is paying the mortgage and helping us build our wealth.

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

We are always adding to our portfolio of rentals.

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

A wholesaler brought us the deal. We negotiate a price that worked for me, the wholesaler and the previous owner.

How did you finance this deal?

Private

How did you add value to the deal?

We did a fabulous rehab and gave a couple a nice place to live near downtown Huntsville

What was the outcome?

Great Rental

Loading replies...