Updated about 5 years ago on . Most recent reply
First SFR investment!
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $49,900
Cash invested: $25,000
Purchased occupied with section 8 tenant. Tenant is long term and takes care of the home! (Some rare pride of rentership). I have learned a lot through the process. The lease process/ city inspection process/ rehabbing/ and just general tenant relations.
What made you interested in investing in this type of deal?
It was a entry price that made sense and I felt like had a big upside in the learning process.
How did you add value to the deal?
Got a new furnace through the DTE green energy program. And I am doing a decent amount of exterior work. Wrapping the facia/ painting the siding/ remove overgrown brush.