First primary turned into college rental!

[Adam G.]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $135,000
Cash invested: $5,000

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

It's a very prominent college market that rents per bedroom

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

It was listed by an agent and unavailable for FHA financing, so our conventional loan gave us negotiation power for closing costs and a new HVAC system, among other things.

How did you finance this deal?

Conventional Loan

Lessons learned? Challenges?

This was a great first property, and getting into it as a primary made it easier than expected.

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

I was the agent, and we used a traditional conforming mortgage through Guild Mortgage