Updated over 2 years ago on .
Turned 1st Home Into An Asset!
Investment Info:
Single-family residence buy & hold investment in Meservey.
Purchase price: $265,000
Cash invested: $130,000
3657 Sq. Ft. 2 story home on .25 of an Acre of land. 5 plus bedroom 4 full bathrooms
What made you interested in investing in this type of deal?
It was my first built from scratch home that I turned into an asset by renting it out
How did you find this deal and how did you negotiate it?
Was my first home built from scratch and I am the only owner.
How did you finance this deal?
Loan from the bank
How did you add value to the deal?
updated all lighting, bathroom, hardwood floors and added a full bathroom on the first floor with handicap features
What was the outcome?
The outcome was superbly great for my growing & extended family.
Lessons learned? Challenges?
Let the professionals do what you are challenged in doing.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
N/A