The Start of The Beginning

[Austin Grant McDowell]

Investment Info:

Single-family residence buy & hold investment in Spartanburg.

Purchase price: $29,000
Cash invested: $15,500

First LTR and paid off quickly to start our passive income journey.

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

The ROI was huge.

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

Off market and a friend to an agent (I wasn't a realtor at the time).

How did you finance this deal?

HELOC

How did you add value to the deal?

Redone the bathroom and kitchen. Updated plumbing throughout as well as the electrical.

What was the outcome?

Excellent tenant and ROI.

Lessons learned? Challenges?

Keep making friends in real estate because it will pay off.