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Updated almost 2 years ago on . Most recent reply

User Stats

6
Posts
1
Votes
Treshawn Black
  • Real Estate Agent
  • Kalamazoo, MI
1
Votes |
6
Posts

my first investment property

Treshawn Black
  • Real Estate Agent
  • Kalamazoo, MI
Posted

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $110,000
Cash invested: $23,000

I bought this property at a buy and whole investment with built in equity, Currently it's being used as a airbnb and short term rental .

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

what made me interesting in this deal was the size of the house and the price .

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

I found this gem on the MLS and negotiated the deal for my company myself.

How did you finance this deal?

I financed the deal with a commercial loan 20% down.

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