Updated 11 days ago on .
Single Family Home (HOLDING FOR 7 YEARS )
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $179,000
Cash invested: $10,000
Beautiful 1-story, 4 bed, 2 bath home with 2-car garage, fireplace, and privacy-fenced yard. Kitchen offers ample counter space, storage, and updated appliances. Wood-look floors in living areas, tile in wet areas, and carpet in bedrooms. Spacious master suite with dual vanity, walk-in closet, and shower. Large backyard with covered patio, perfect for family activities.
What made you interested in investing in this type of deal?
I wanted a property that could serve as both a solid long-term investment and provide flexibility as a rental. The area showed strong growth potential, and I knew owning a home here would give me both appreciation and cash flow opportunities. I also liked that this type of deal would allow me to gain experience as a landlord while building equity for the future.
How did you find this deal and how did you negotiate it?
I found this property through a local listing at the right time in the market. I recognized that the home was undervalued compared to others in the area, so I moved quickly. I negotiated by focusing on the seller’s timeline and presenting a clean offer without unnecessary contingencies.
How did you finance this deal?
financed the property through a traditional mortgage with a competitive interest rate. I also used part of my savings for the down payment, which helped keep the monthly payments manageable.
How did you add value to the deal?
I improved the home through updates and regular maintenance. Small but impactful upgrades like fresh paint, modern fixtures, and landscaping boosted the home’s curb appeal and long-term value. I also positioned the property to be an attractive rental by keeping it well maintained.
What was the outcome?
The property has appreciated significantly in value since purchase, and it now generates steady cash flow as a rental. Beyond the financial return, it also gives me experience as a landlord and helps me build long-term wealth.
Lessons learned? Challenges?
One of the biggest lessons I learned was the importance of doing thorough due diligence on both the property and the financing terms. Unexpected expenses can pop up, so having reserves is critical. I also learned how valuable it is to build good relationships with tenants and contractors, since that can make managing the property much smoother.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes, I worked with a knowledgeable real estate agent who guided me through the process and a responsive lender who made financing straightforward. Having professionals you can trust makes a huge difference, and I’d recommend building a team early on if you’re starting in real estate investing.
