Updated over 5 years ago on . Most recent reply
First Investment Property
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $174,000
Made the move to start my portfolio and invest in real estate! Had money saved u enough for a down payment and wanted to take advantage of low interest rates. Dallas, TX is growing and was
How did you find this deal and how did you negotiate it?
I worked a lot with my realtor and found this house on MLS. Houses were coming off market pretty quickly so it was all about being patient and finding the right one.
How did you finance this deal?
25% down with a 3.5% interest rate.
Lessons learned? Challenges?
Challenges were not being able to go out there and see the houses due to travel restrictions. I put a lot of trust in my realtor and it paid off. He was awesome and was able to make videos of his walk throughs.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Rob Lee (for Keller Williams Realty) is a realtor in Dallas area. An investor as well, he was able to help me with so many things along the way as a first time investor. He is very knowledgable, he provided his opinion and a lot of insights in the process. He is highly recommended as a realtor and Im excited to hopefully work with him on my next investment!