Our first investment

[Sung Yang]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $310,000
Cash invested: $95,000

This is our first real estate investment in the US. Hoover is a nice suburban area of Birmingham, Alabama. It offers great outdoor activities and highly rated public schools, making it a pleasant and convenient town to live in with family.

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

Some cities in Alabama are steadily growing; it is landlord-friendly, and the rental market is dynamic. The median price is still affordable.

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

I studied the market and read extensively about the Sunbelt regions, and I found that Hoover has many positive aspects. I traveled to Birmingham and met with an excellent agent who helped me purchase the house.

How did you finance this deal?

30% down payment and 70% fixed interest 30-year loan.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Mahek Virani is my agent in Hoover, AL. I recommend her. If you want to get in touch with her, let me know.