Updated over 6 years ago on . Most recent reply
First investment property - check!
Investment Info:
Single-family residence buy & hold investment in Beavercreek.
Purchase price: $172,500
Cash invested: $52,000
Older home in Beavercreek. Had some deferred capex maintenance (roof, water heater, paint) from previous owners that added to the $32k down payment.
What made you interested in investing in this type of deal?
Single Family was ideal for our first investment.
How did you find this deal and how did you negotiate it?
Through a local agent.
How did you finance this deal?
Conventional loan
How did you add value to the deal?
Bought 10% below market value, added new roof, water heater, and paint
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Highly recommend Lacy Owns at Love Ohio Living if looking for an agent in the Dayton, OH area