Frist Single Family Investment Property

Frist Single Family Investment Property

Investor · Manhattan · Member since 2018 · 55 posts · 35 votes

Investment Info:

Single-family residence buy & hold investment in Benton.

Purchase price: $109,900
Cash invested: $28,640

Fully renovated 3 bed 2 bath single-family home.

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

Based on my research the neighborhood is safe and the cashflow is decent. The property is located close to Little Rock, which is an area that is experiencing growth in Arkansas. According to my research, the main industries within that area are the healthcare industry, the education industry and retail. The healthcare industry was a big draw for me. 

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

I found this deal through Norada Real Estate Investments.

How did you finance this deal?

I took out a loan through AimLoan.

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  • Investor · Topeka, KS · Member since 2015 · 1k+ posts · 1k+ votes
    6y

    What will it rent for?

  • Specialist · Plano, TX · Member since 2020 · 2k+ posts · 861 votes
    6y

    @Jonathan Beaumont congratulations on your first investment property. Keep up the great work. 

  • Specialist · Orange County, CA · Member since 2008 · 2k+ posts · 623 votes
    6y

    @Jonathan Beaumont — congratulations Jonathan!

    It’s been great working with you. We appreciate your trust.

    Continued success!

  • Investor · Manhattan · Member since 2018 · 55 posts · 35 votes
    6y
    Originally posted by @Jacob Sampson:

    What will it rent for

    995 a month.  

  • Investor · Manhattan · Member since 2018 · 55 posts · 35 votes
    6y

    I appreciate working with your team Marco. This is my first investment and a learning experience for me. 

  • Investor · Topeka, KS · Member since 2015 · 1k+ posts · 1k+ votes
    6y
    Originally posted by @Jonathan Beaumont:
    Originally posted by @Jacob Sampson:

    What will it rent for

    995 a month.  

    Congrats on your first investment!  I'm not sure you will see any long term average cash flow, but hopefully you can get some nice asset appreciation.

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