First buy and hold property!

[Sawyer Smith]

Investment Info:

buy & hold investment.

Purchase price: $80,000
Cash invested: $80,000

Found the Deal while looking for a contractor to help with rehabs on other houses we owned. I had asked an old contact at our local Lowes if he recommended any of his customers and as reliable contractors. he put me in touch with a contractor/real estate investor who was selling off some of his properties to invest in a multi-family project. I met him at one of his properties that he was rehabbing to sell. bought the house and made a great relationship with a contractor at the same time.

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

diversifying from rehab properties to buy and hold.

How did you finance this deal?

cash

What was the outcome?

got a great rental property and made a good working relationship with the seller

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

Actually no, this was the first deal I did with no agent.