My first purchase
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $125,000
Cash invested: $60,000
New build rental.
What made you interested in investing in this type of deal?
Putting cash to work instead of sitting in a savings account.
How did you find this deal and how did you negotiate it?
This deal was brought to me by a friend who was already a full time investor. They offered it as a partnership.
How did you finance this deal?
Cash
What was the outcome?
Currently a cash flowing rental with some appreciation.
Lessons learned? Challenges?
Self managing a property is challenging but educational.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
My partner is a real estate agent and investor.
