First rental property.
Investment Info:
Single-family residence buy & hold investment in Moses Lake.
Purchase price: $125
Cash invested: $5,000
Projection of 300$ monthly cashflow after vacancy improvements.
What made you interested in investing in this type of deal?
Cashflow, retirment
How did you find this deal and how did you negotiate it?
MLS
How did you finance this deal?
Bank financing
How did you add value to the deal?
Turnkey property. Lived in property for 1yr
What was the outcome?
Currently rented cashflow 100 month
Lessons learned? Challenges?
Working on cashflow numbers and negotiating cost of property
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Trino Pena - Coldwell banker- moses lake, wa