SF Student Rental Investment (my first purchase)
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $152,000
Cash invested: $25,000
SF Student Rental
What made you interested in investing in this type of deal?
Posted the deal back in 2011 on Biggerpockets before I bought it. Gave me the confidence to make my first investment.
How did you find this deal and how did you negotiate it?
On the market short-sale. Made 3 offers to bank. Third time it was accepted.
Lessons learned? Challenges?
I recently had obtained my real estate license. A buyer cannot profit as an agent off a short-sale transaction since it is Arms Length. The bank used my 2.5% commission towards the debt owed.
