Paid To Buy House As Investment

[Bryce Nurding]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $148,000

Was actually given money at closing from the bank. Had seller pay all closing costs and used 0 down VA loan.

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

Decent place to live with roommates that would pay housing costs and actually end up causing me to turn a profit while living in the house.

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

Found on Zillow. Priority was 0 cash out of pocket.

How did you finance this deal?

VA Loan.

How did you add value to the deal?

Adding second shower to home and moving washer dryer.

What was the outcome?

Home almost full of roommates and I live for free.

Lessons learned? Challenges?

So far things progressing smoothly. Need to do again!

[Doug Spence]

@Bryce Nurding Nice congrats!! Is this in Enid, OK? I see that T-6 in your profile pic. Whats your next investment going to be? I'm also active duty and do real estate investing on the side. Keep us updated on your journey.