My First Buy & Hold in California

[Jay Flaggs]

Investment Info:

Single-family residence buy & hold investment.

This is the first buy and hold property in my real estate portfolio. Though this property is only a 2 hour drive from my main residence, I'm treating it as though it's across state lines. This mindset will help me to build teams and put systems in place that will apply to future deals that may or may not be in my state.

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

I think the market conditions in the US are strong. Even in light of the recent outflow from California, I anticipate California will remain at the top in terms of real estate demand in the long run.

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

A great real estate agent was the key to my success here. In an environment where homes where flying off the market for hundreds of thousands over ask, I was able to scoop this one up very close to asking price thanks to my agent's connection to the seller agent. If you have a good agent, treat them well because they're hard to come by in my experience!

How did you finance this deal?

Traditional financing.

How did you add value to the deal?

TBD

What was the outcome?

TBD

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

Please reach out to me if you'd like to contact my agent or lender. I'd love to share, but don't want to overwhelm him with inquiries.