First investment property

3 Replies

Investment Info:

Single-family residence buy & hold investment in Ocean Springs.

Purchase price: $169,000
Cash invested: $13,000

Turnkey SFH. Partnered with my brother Patrick. This was our first RE investment and it worked out well for cash flow, but most importantly building our confidence in getting started!

How did you finance this deal?

Conventional 30-year thru local bank

Congratulations!!!! The first property is always special!! 

Originally posted by @Wes Waggoner :

Investment Info:

Single-family residence buy & hold investment in Ocean Springs.

Purchase price: $169,000
Cash invested: $13,000

Turnkey SFH. Partnered with my brother Patrick. This was our first RE investment and it worked out well for cash flow, but most importantly building our confidence in getting started!

How did you finance this deal?

Conventional 30-year thru local bank

 Dope. Well done.

Hi Wes, congrats on the deal? What area of OS are you targeting? Downtown district is so expensive but Gulf Hills is a little better and seems like a good bet, especially with the new owner of the GH Hotel. 

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