2nd rental house, getting the hang of this

1 Reply

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $125,000
Cash invested: $25,000

I purchased my second rental property, another single family home, this on is a 3 bedroom 1.5 bathroom home with a garage and slightly larger than my first rental @ 1.038 sq. ft.

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

I want to build up my rental houses to afford more things in life, like an airplane. This house has a office/den that I will be converting to a 3rd bedroom when my tenants move out.

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

Found the deal on the MLS and I did all the negotiating myself.

How did you finance this deal?

Conventional loan

How did you add value to the deal?

Will be adding a 3rd bedroom in the coming year. Painted the inside of the whole house.

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

I am an agent

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