Updated almost 6 years ago on . Most recent reply
2nd Investment Property
Investment Info:
Single-family residence buy & hold investment.
It’s a single family I used to live in. I’m doing minor repairs and will be renting it out soon. I bought another property in June and moved into it, leaving this one available for me to turn into a rental. So exited to grow my portfolio, on to my next buy.
What made you interested in investing in this type of deal?
Single families are easier to rent out.
How did you find this deal and how did you negotiate it?
Bought another single family to live in.
How did you finance this deal?
Conventional Mortgage
How did you add value to the deal?
Making updates and minor repairs.
What was the outcome?
Increase in portfolio
Lessons learned? Challenges?
Getting a home loan to move into is easier that’s getting an investment loan with regular lenders.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes, I work with real estate agents on all my purchases. They have more knowledge and contacts that I do not yet have.