2nd purchase for rental investment
Investment Info:
Single-family residence buy & hold investment in Maumelle.
Purchase price: $85,000
Cash invested: $20,000
3 bed 2 bath 2 car garage, fenced backyard
What made you interested in investing in this type of deal?
pocket listing from realtor, cheap price for area
How did you find this deal and how did you negotiate it?
pocket listing from agent, made offer from what realtor suggested to start negotiations
How did you finance this deal?
conventional loan
How did you add value to the deal?
bought house as is, needed cosmetic work, made offer
What was the outcome?
bought house and instantly appraised higher at purchase
Lessons learned? Challenges?
find more deals like this. know what to look for when walking through property
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
robert richardson: realtor