Single-family residence buy & hold investment in Crestview.
Purchase price: $189,000
Currently house hacking my current home. I have two military roommates in which I vetted thoroughly to ensure clean, quiet and respectable roommates that pay their bills on time. All in all, I am currently pocketing an extra $1,500 /month.
What made you interested in investing in this type of deal?
Wanted to get my feet wet in real estate.
How did you find this deal and how did you negotiate it?
I was in search of a home for myself and then got the idea to make it into a true asset in which gains profits.
Lessons learned? Challenges?
Be thorough and detailed with your tenants. If they jump through all the obstacles in which you placed before them, and still show interest in becoming a tenant, it's a sign that they're clean and ambitious to prove to you that they're the right tenant for you.
Congrats @Billy Xiong ! Next goal is to save up enough money to then go buy another rental property to build upon your portfolio.
Free eBook from BiggerPockets!
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.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you