Buy and Hold_Fayetteville, NC

[Michael Thompson]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $225,000

Purchased new home in 2013, deployed in 2017 and rented it out for a year and a half. I moved back in July 2018 and currently performing a PCS move to Fort Benning, Georgia. The house is now a rental ($2000/mo) with an option to purchase in the near future.

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

Bought this long before learning the huge benefits of RE. Wish I knew then what I know now, I would own many more, lol.

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

I found an agent and went to work.

How did you finance this deal?

I utilized my military benefits (VA Loan)

How did you add value to the deal?

Time! Currently over $85K equity built up. and growing at roughly 3.8% yearly.