First investment property and it was section 8
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $50,800
Cash invested: $12,000
Bought a property with a section 8 tenant and forced appreciated value on home
What made you interested in investing in this type of deal?
Guaranteed section 8 income
How did you find this deal and how did you negotiate it?
It was listed for 60k but I offered 45, and we met at 50. Sale prices are never finalized
How did you finance this deal?
Conventional loan + cash
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Aaron Peterson is the only real estate agent you need in/around Akron