First Investment, My New Portfolio in Tampa Bay.

1 Reply

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $26,000
Cash invested: $15,000

Long term Rental

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

it was cash deal, quick and easy. great returns. not much rehab needed.

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

A friend sold the home to me. off market.

How did you finance this deal?

No Finance.

How did you add value to the deal?

flooring, kitchen and bathroom remodeling, privacy PVC fence, chain link fence out front to keep intruders out. great for keeping pets in. paint job on the interior and exterior.

What was the outcome?

still own the property

Lessons learned? Challenges?

get contractors to sign contracts.

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

I am an Agent.

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