Updated almost 6 years ago on .
Adorable Historic Home
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $38,000
Cash invested: $38,000
3 Bedroom, 1 Bathroom over 1800 sq ft. Plan to add another bathroom and increase the rent from $800 to $1200. Super cute Historic home! Closing in September
What made you interested in investing in this type of deal?
This property needed minimal amount of work considering the age. Roof is 3 years old, it has some original hardwood flooring, the bathroom has already been updated.
How did you find this deal and how did you negotiate it?
I am a Realtor and was able to find it myself.
How did you finance this deal?
We used cash
What was the outcome?
TBD- closing Sept 11
Lessons learned? Challenges?
Getting the tenants out of the property before closing.
