S Richmond Property
Investment Info:
Single-family residence buy & hold investment in Pittston.
Purchase price: $115
Cash invested: $25,000
Two bedroom, one bath home southwest side of Wichita.
What made you interested in investing in this type of deal?
Just knew I needed to start investing in real estate, tried to find a decent house to put money down and cover with rent.
How did you find this deal and how did you negotiate it?
Used a relator.
How did you finance this deal?
20%+ down so I didn't have to pay PMI
Lessons learned? Challenges?
I was too nice to the sellers and they left the house a complete mess when they moved out, I should not have signed the closing paper work until the house had been cleaned.