First investment property in the books - Omaha
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $98,000
Cash invested: $9,700
3 bedroom, 1 bath with single detached garage SFR. Neglected inside and out...lots of renovation needed.
What made you interested in investing in this type of deal?
Seemed liked a good jumping in point...
How did you find this deal and how did you negotiate it?
MLS, negotiated with an agent...
How did you finance this deal?
Conventional loan with 3% down, 30 year fixed at 4.25%
How did you add value to the deal?
Bought under market value. Renovating kitchen and bathroom. Adding a bedroom, bathroom and additional living space in the unfinished basement.
What was the outcome?
Work in progress
Lessons learned? Challenges?
We're in the game and learning alot...