Updated over 6 years ago on .
Single family 4th prop
Investment Info:
Single-family residence buy & hold investment in Park Forest.
Purchase price: $27,000
Cash invested: $10,000
Single family 2 bed 1 bath, slab foundation
What made you interested in investing in this type of deal?
House had good bones, easy fixup, easy to rent
How did you find this deal and how did you negotiate it?
Redfin.com has many of the properties I bought listed.
How did you finance this deal?
Cash
How did you add value to the deal?
REmodeled Kitchen, new carpet in bedroom, new window air unit in bedroom, new garage door opener, yard work
What was the outcome?
Solid renter
Lessons learned? Challenges?
Watch the taxes, property taxes limit profits
