Second Deal - Single Family Rental

[Stuart Hurst]

Investment Info:

Single-family residence buy & hold investment in Jacksonville.

Purchase price: $75,000
Cash invested: $17,500

Off market deal. Single family rental that was purchased from an investor. Basically, a turnkey deal as there was little repair work to be done and the rental was already occupied.

How did you finance this deal?

Conventional loan with 20% down.

Lessons learned? Challenges?

Although we are cash flowing on this property and we inherited a great tenant, I learned that sometimes passing on good deals to wait for a better deal is sometimes the way to go. Either way we got our second property under our belt and it is cash flowing!

[Dustin Turner]

What's up @Hadar Orkibi! Send me the details and maybe I can find you a buyer.