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Malika Boudreaux
  • Realtor
  • Pasadena, CA (Pasadena)
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1st time buyer program to Buy single family

Malika Boudreaux
  • Realtor
  • Pasadena, CA (Pasadena)
Posted Dec 6 2019, 22:05

Investment Info:

Single-family residence other investment in San Bernardino.

Purchase price: $245,000
Cash invested: $6,000

As a 1st time buyer, I qualified for down payment assistance.

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

I didn't have to put a down payment only closing cost

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

online, I used a realtor to close the deal but I ran my own numbers

How did you finance this deal?

Calhafa Downpayment assistant

How did you add value to the deal?

$245,000 comps are now in the $330,000 and rising. The home is a 4-bed room 2 bath

What was the outcome?

I'm currently renting the home out with the option to buy, once I sell I will buy 3 units

Lessons learned? Challenges?

shortly after buying the house I need a new roof, inspection is very important.

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

Real Estate agent, and lender

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