Updated 2 days ago on .
My first Rental!
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $150,000
Cash invested: $5,000
Bought as first home, Moved out after a year. Cashflows at 3% down on a 6.5% interest rate
What made you interested in investing in this type of deal?
It was the best use of my money
How did you find this deal and how did you negotiate it?
It was listed on the MLS and I am an Agent
How did you finance this deal?
Conventional financing through a mortgage lender
How did you add value to the deal?
I didnt add any value to the deal
What was the outcome?
Holding as a cashflow producing asset
Lessons learned? Challenges?
Neighborhood is Everything!
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I would recommend myself! Haha