Single-family residence buy & hold investment in Eagle.
Purchase price: $289,900
Cash invested: $17,000
Purchased and now is a rental
What made you interested in investing in this type of deal?
Loved the area and purchased in 2016
How did you find this deal and how did you negotiate it?
Through a friend who knew the sellers.
How did you finance this deal?
Conventional Loan type
How did you add value to the deal?
What was the outcome?
Lived in it for a few years an now it's a full time rental.
Lessons learned? Challenges?
Used $100k from it to identify new rentals
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Thank you for sharing @Shelby Paget !
Congrats to you @Shelby Paget! Eagle is a great place; my family and I came back to Idaho and moved out there when I got out of the Air Force in 2006. I wish I knew then what I know now...we bought our first home in the Lexington Hills subdivision in Dec, 2011: 3 bd, 2.5 bth, 1836 sq ft, 3 car garage, yada, yada. We paid $172,000 with 0% down cause of my VA loan and our mortgage was $930 a month. Having no knowledge about real estate, we sold that house in 2014 for $215k. Had we kept it, that same house is running about $500k now and would easily rent for $2,200 a month! Hang onto it; I believe Eagle is going to be one of those 'legacy' neighborhoods, similar to the the North End or the Foothills where property will continue to climb for decades to come. Great job on that!
Would love a 269k purchase in Eagle these days ;)
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