Updated almost 6 years ago on . Most recent reply
Third Investment Proprery
Investment Info:
Single-family residence buy & hold investment in Akron.
Purchase price: $60,000
Cash invested: $3,000
Third investment property also bought through Roofstock.com
What made you interested in investing in this type of deal?
Gain experience and grow my portfolio
How did you find this deal and how did you negotiate it?
Roofstock.com
How did you finance this deal?
HELOC and 50/50 partner with relative
What was the outcome?
Rented for $840/month
Lessons learned? Challenges?
Inherited another tenant, this one working out much smoother than first property so far. Maintenance/repairs costs are much higher than expected.