Colorado Property, new build
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $575
Will be renting 2 of the 4 rooms to traveling nurses.
What made you interested in investing in this type of deal?
I needed to get out of the apartment/ condo life. I wanted a house big enough to live comfortably while renting out half of the rooms.
How did you find this deal and how did you negotiate it?
Redfin
Used a realtor found from BP podcast
How did you finance this deal?
VA loan
$0 down
How did you add value to the deal?
Haven’t yet but I will
It’s a new build so not too much to do there, that I know of, yet.
Lessons learned? Challenges?
Should have made first offer and walked away but I wanted it so I negotiated and paid $10k more than original offer and $5k under asking.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes.