Norfolk VA SFH Investment
Investment Info:
Single-family residence buy & hold investment in Norfolk.
Purchase price: $300,000
Cash invested: $65,000
Student rental with higher rent; self-managed, will consider PM company next year
What made you interested in investing in this type of deal?
Strong cash flow that is not offered in metro DC
How did you find this deal and how did you negotiate it?
MLS
How did you finance this deal?
Yes
How did you add value to the deal?
No
What was the outcome?
Plan to sell 8-10 years
Lessons learned? Challenges?
Spend more time to find right lender.