All Forum Posts by: Tucker Fenske
Tucker Fenske has started 1 posts and replied 1 times.
Post: First Investment Property for Myself
- Real Estate Agent
- Kansas City, MO
- Posts 1
- Votes 0
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $99,000
Cash invested: $10,000
My partner and I bought this property at $45,000 and put $16,000 in for rehab and had the property appraise for $107,000. After buying him out I'll have this property collect $900+ in rent.
What made you interested in investing in this type of deal?
After studying my market I saw that they was opportunity in an under valued area.
How did you find this deal and how did you negotiate it?
Off-market
How did you finance this deal?
Traditional financing
How did you add value to the deal?
A complete rehab of the interior and exterior of the property.
What was the outcome?
I put in $60,000 and the property came out to appraise for $107,000.