Updated almost 6 years ago on . Most recent reply
High Cash Flow with NO Money out of Pocket!
Investment Info:
Single-family residence buy & hold investment in Mount Carmel.
Purchase price: $4,500
Cash invested: $6,000
Awesome return on this Buy and Hold with no money out of pocket!
What made you interested in investing in this type of deal?
Hi Cashflow Strategy that this property met the criteria!
How did you find this deal and how did you negotiate it?
Off market Mailer. A I always do I let the seller throw out the first number and it was $5,500 less than I was willing to pay!
How did you finance this deal?
Private money lender.
How did you add value to the deal?
We put in new flooring and a fresh paint job!
What was the outcome?
Awesome monthly cashflow!
Lessons learned? Challenges?
Always let the seller throw out the first number!
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
This property was rented on Facebook Marketplace.
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#1 All Forums Contributor
- Real Estate Consultant
- Summerlin, NV
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#1 All Forums Contributor
- Real Estate Consultant
- Summerlin, NV
those types of properties are available all over RURAL PA just fyi
- Jay Hinrichs
- Podcast Guest on Show #222
