Updated over 5 years ago on . Most recent reply
First Time Rental Investment
Investment Info:
Single-family residence buy & hold investment in Middletown.
Purchase price: $140,000
Cash invested: $21,000
One family attached on both sides. Had a fire and was renovated brand new.
How did you finance this deal?
15% down conventional loan
Lessons learned? Challenges?
No challenges. Did learn to look for better potential. If paying closing costs may as well be with multi family
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I am a real estate agent. Lender was Isha with Superior Mortgage in Highland Mills, NY