Buy and Hold using VA Loan

[Joshua Ryan Lindsay]

Investment Info:

Single-family residence wholesale investment in Port Orchard.

Purchase price: $250,000
Cash invested: $10,000

Single-family residence that served as my first home.

What made you interested in investing in this type of deal?

I wasn't even pondering a rental investment at that time. It just sort of happened.

How did you find this deal and how did you negotiate it?

Found through the MLS before the market started to pick up.

How did you finance this deal?

VA Loan

How did you add value to the deal?

Just regular maintenance. It was basically brand-new with updated appliances when we bought it.

What was the outcome?

Market appreciation was huge in this area. Current ARV ~$450k

Lessons learned? Challenges?

I was tempted to sell it last year and take the profits to buy another home. Since holding, the value has increased over $100k.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I worked with my real estate agent Tracy Wall.