My favorite rental at the moment...

Investment Info:

Single-family residence buy & hold investment in Livonia.

Purchase price: $152,000
Cash invested: $4,000

Perfect property for long term rental. Finished basement with extra bath, game room , family room and bar. Good schools. Solid brick construction. Great cash flow!

What made you interested in investing in this type of deal?

I primarily buy single family homes although I'm currently looking into a duplex as my next project.

How did you find this deal and how did you negotiate it?

Actually found it on the MLS.

How did you finance this deal?

30 year Bank loan then re-financed with a 15 year after only a few years and actually cut my monthly payment as well.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I'm a Realtor so I was the first to walk in the door the minute it hit the market and made an offer before the 2nd showing even happened that day.