All Forum Posts by: Nicholas Kuhn
Nicholas Kuhn has started 1 posts and replied 1 times.
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $105,000
Cash invested: $10,000
I purchased this home because it has an in-law suite in the basement with a private entrance. I now list the apartment as an STR.
What made you interested in investing in this type of deal?
It has 2 units which I immediately fell in love with and it is in a great market.
How did you find this deal and how did you negotiate it?
I found it through a realtor.
How did you finance this deal?
Conventional financing.
How did you add value to the deal?
I updated the bathroom, kitchen, and enclosed the master bedroom.
Lessons learned? Challenges?
Don't buy a house without a sump-pump, but if there isn't one, negotiate the price to add one. The basement had water issues I didn't find out until the end of year 1 and I ended up installing an interior perimeter drain in the basement.