First Rental Property

[Hilario Ruiz]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $78,000
Cash invested: $18,000

First investment property. My goal is to start with one and eventually build my portafolio to more properties. I want to buy and hold for as long as I live.

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

I wanted to get my feet wet with this first property and to make sure real estate is for me.

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

Started researching rental markets. Since it does not make sense investing in rentals in the state that i live due to being overprice. I looked up google and the best cash flow markets.

How did you finance this deal?

Conventional loan

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

Im still working with Memphis investment properties. So far everything is going smooth.