All Forum Posts by: Derek White

Investment Info:

Single-family residence other investment.

Purchase price: $435,000
Cash invested: $95,000

Tri-Level Cabin in the Coosawattee River Resort. 4 bed and 3 bath. See listing for more information.

https://www.airbnb.com/rooms/978847298924848778?preview_for_ml=true&source_impression_id=p3_1697814005_z7UDXN8MpR%2FLOV8t

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

This has been a life long dream of my wife.

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

We used a realtor from the Short Term Shop. This was a great resource.

How did you finance this deal?

We used conventional Financing

How did you add value to the deal?

We plan on finishing the other half of the basement.

@Dave Spooner I did some minor repairs. Nothing crazy. It is renting well. Had lots of applicants to choose from.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $107
Cash invested: $20,000

2/1 single family house

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

I found this through a realtor. I put and offer in 3 times before I was accepted.

How did you finance this deal?

conventional 30year fixed

Thanks for your input Michael.

Hello Bigger Pockets members! I am new to the real estate investment business. I have been analyzing many properties (at least a couple a day) so I can get the hang of the process and to figure out which properties are so called deals. I am interested in the buy and hold strategy. Some of the properties I have looked at do not have renters currently in them and was hoping I could get some help on how long it normally takes to get a good renter. I am just starting out but determined to get my first property by the end of the year. Thank you for your help.