Our first real estate investment

[Dexter Belleza]

Investment Info:

Condo buy & hold investment in Las Vegas.

Purchase price: $165,000
Cash invested: $46,000

1st RE investment, out of state

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

starter investment

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

worked with an area realtor

How did you finance this deal?

finance through Caliber Home Loans

How did you add value to the deal?

updated/fix minor discrepancies when previous tenant moved out (7/21)..able to rent $100 more(old rent $1200)

What was the outcome?

condo has appreciated $20K

Lessons learned? Challenges?

keep communication with property managers
fire away questions if you dont know

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

Caliber Home Loans
REPM, LLC
Rose Galanto, RA