First investment closing soon!

[Preston Donahue]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $70,000

3 Bed 1.5 Bath SFR

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

I've been looking for buy and holds for a while

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

I reached out to the landlord to see if they were interested in selling.

How did you finance this deal?

OPM

How did you add value to the deal?

Nothing yet, when the tenant moves out I'll do a light remodel.

What was the outcome?

Closing in about a week

Lessons learned? Challenges?

You never know until you just ask.

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

I'm an agent and I represented myself.