First Single Family Rental

[Bobby Shell]

Investment Info:

Single-family residence buy & hold investment in Fort Collins.

Purchase price: $260,000

Cash invested: $60,000

SFH in Fort Collins. Our families first rental!

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

This was a primary residence for us before marriage.

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

MLS with an agent, first time home buyer experience

How did you finance this deal?

25% down, conventional loan

How did you add value to the deal?

replacing carpet, fully updating the master bath and guest bath, rebuilding the deck, replacing the fence. (not all things were value add, but we sure updated them!)

What was the outcome?

Current value of about 320k (may 2019)

Lessons learned? Challenges?

Get a more detailed home inspection!!!!!!!!!!!!!

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

n/a