Biloxi MS with Military Roommates
Investment Info:
Single-family residence buy & hold investment in Biloxi.
Purchase price: $95,000
Cash invested: $1,000
3 Bed/2 Bath/1900sqft. Built in 1960s.
What made you interested in investing in this type of deal?
I had a roommate in one apartment and I had 2 friends that were wanting to move in with me on December time frame. I just thought why don't I buy a house and have them pay me rent. So that's what I did.
How did you find this deal and how did you negotiate it?
I wouldn't say I got this house on a deal. The house was on the market for 350+ days. I figured these guys wanted to sell. They listed it at $100k and I just got it for $95k at the time.
How did you finance this deal?
VA Loan