First time buying out of state

First time buying out of state

Member since 2025 · 2 posts · 0 votes

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $475,000
Cash invested: $134,000

2405 Appaloosa Circle is a beautifully remodeled 4-bedroom, 2-bathroom single-family home offering approximately 2,010 square feet of comfortable living space. The home features an open floor plan, quartz countertops, stainless-steel appliances, updated bathrooms, a fireplace, a screened lanai, and a spacious private backyard. It is conveniently located near I-75, shopping, restaurants, schools, and Sarasota’s Gulf beaches—making it a wonderful home for families or working professionals.

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

The house was nicely flipped

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

I found a good agent and she found the deal

How did you finance this deal?

Through DSCR loan

How did you add value to the deal?

The house was in good condition to rent

What was the outcome?

8/10
Good cash flow
Nice location
Appreciation overtime

Lessons learned? Challenges?

It was a pretty smooth process

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

Yes i would. Her name is Aimy Van

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  • Alyssa MarquezBusiness Member
    Real Estate Agent · San Antonio TX / Fort Lauderdale, FL · Member since 2023 · 126 posts · 30 votes
    2mo

    This definitely feels like a good buy and hold, particularly because it was already updated and the rent-ready aspect. Avoiding a huge rehab while getting good cash flow and with a great location can save you so much headaches. The DSCR financing is a bit interesting. But congrats.

  • Robin SimonBusiness Member
    Lender · Austin, TX · Member since 2022 · 5k+ posts · 4k+ votes
    2mo

    Congrats on the deal!

  • Washington, DC · Member since 2025 · 19 posts · 6 votes
    2mo

    Congrats on your deal and good luck! Will you make your money back and more after refinancing, I'm assuming?

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