Twin Falls, ID buy and hold
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $122,000
Cash invested: $24,000
Buy and hold - purchased via a wholesaler - brought current owner loan current - bought subject to - clean up, flooring, paint, then rented out, may Refi (BRRRR) in a few months to pull my cash back out.
What made you interested in investing in this type of deal?
ability to do subject-to plus buy and hold goals for the year
How did you find this deal and how did you negotiate it?
Wholesaler
How did you finance this deal?
subject to plus self
How did you add value to the deal?
Clean up, paint, flooring, + a few other minor repairs
What was the outcome?
Great rental
Lessons learned? Challenges?
Ask wholesalers frequently about potential deals, and ability to close quicker can get you a better deal - have financing options available.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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