Single-family residence buy & hold investment in Bessemer.
Purchase price: $112,000
Cash invested: $32,000
My very first real estate investment; a turn key SFR rental property in Alabama.
What made you interested in investing in this type of deal?
Easy to understand the deal. Comfort level with the RE and property management teams.
How did you find this deal and how did you negotiate it?
Turn key investment
How did you finance this deal?
FHA conventional loan
Lessons learned? Challenges?
Always interview your property management team and seek references.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Real Wealth Network
First, let me tell you congratulations on the property and your first post! You are doing it, taking action, and working on your path and not someone else's! Let me know what market in Alabama you are in, and I would be more than happy to share real estate professional POC's (PM) if you are close. Keep pushing forward...
Thank you! I'm in the Birmingham market.
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