My Primary residence I turned into an investment

2 Replies

Investment Info:

Single-family residence buy & hold investment in Westminster.

Purchase price: $168,000
Cash invested: $60,000

Currently my single family rental property

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

Always wanted to invest in real estate

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

mls

How did you finance this deal?

fha loan

How did you add value to the deal?

Lived on property and fixed up property by adding two beds and one bath, which increased equity in home.
rented property for the last three years, while using equity for other investments and cash flow.

What was the outcome?

Great experience being a landlord and fixing up a property to add more value

Lessons learned? Challenges?

living on property while rehabbing home and still working a Job

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

Real Estate broker Dan Mackin, Cindy Howeth with city wide financial

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