Updated about 5 years ago on .
Single Family Home#4
Investment Info:
Single-family residence buy & hold investment in Kansas City.
Purchase price: $41,640
Cash invested: $7,087
3 bd1 bath 744 sqft
What made you interested in investing in this type of deal?
Long term tenant in place on a voucher.
How did you find this deal and how did you negotiate it?
Found this deal on the MLS through my agent
How did you finance this deal?
Conventional financing 20% down
How did you add value to the deal?
Negotiated a new roof prior to sale based on inspection
Lessons learned? Challenges?
Property was originally priced at $59,000. The key was patience to let the home get to the right price that i wanted to pay.
