Updated almost 6 years ago on . Most recent reply
First rental property - turnkey purchase
Investment Info:
Single-family residence buy & hold investment in Harrisburg.
Purchase price: $119,000
Cash invested: $24,000
Townhouse in downtown Harrisburg PA. Turnkey rental purchase with instant positive cashflow of $250 per month after expenses and set asides.
What made you interested in investing in this type of deal?
Easy and already refurbed/rented.
How did you find this deal and how did you negotiate it?
Local real estate investment meetup
How did you finance this deal?
Conventional - local bank
What was the outcome?
Instant positive cash flow and a little instant equity
Lessons learned? Challenges?
First deal nervousness but jumped into the first purchase to kickstart what will be many more. Easy to work with a well established company.
