my first investment was turn key

1 Reply

Investment Info:

Single-family residence buy & hold investment in Covington.

Purchase price: $82,000
Cash invested: $82,000

property appraised for 130k and I made a cash offer of 80k We settled on 82k. I had a lease signed within 4 hours.

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

I was ready to make a move. I quit my job and didn't have the luxury of dragging my feet

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

this home found me. Originally the lady wanted 95k and I walked away saying it was too much. A couple weeks later she called and said 90k, I countered with 80, she said 85,and finally I said 82.

How did you finance this deal?


How did you add value to the deal?

new paint was all it needed

What was the outcome?

This was my first experience and it went great to this day.

Lessons learned? Challenges?

Don't hesitate to walk away

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


Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

We hate spam just as much as you