1st Rental property

[Joseph Trepanier]

Investment Info:

Single-family residence buy & hold investment in Port Saint John.

Purchase price: $135,100
Cash invested: $30,000

This was the first house my spouse and I purchased. It was a fixer upper and we put a roof, kitchen, flooring, and garage doors on the house.

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

Long term financial freedom

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

Looking for my first home

How did you finance this deal?

VA loan

How did you add value to the deal?

Sweat equity and $$

What was the outcome?

nice house, not complete yet though and still has some problems

Lessons learned? Challenges?

Don't rent to family or friends