Single-family residence other investment in San Bernardino.
Purchase price: $245,000
Cash invested: $6,000
As a 1st time buyer, I qualified for down payment assistance.
What made you interested in investing in this type of deal?
I didn't have to put a down payment only closing cost
How did you find this deal and how did you negotiate it?
online, I used a realtor to close the deal but I ran my own numbers
How did you finance this deal?
Calhafa Downpayment assistant
How did you add value to the deal?
$245,000 comps are now in the $330,000 and rising. The home is a 4-bed room 2 bath
What was the outcome?
I'm currently renting the home out with the option to buy, once I sell I will buy 3 units
Lessons learned? Challenges?
shortly after buying the house I need a new roof, inspection is very important.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Real Estate agent, and lender