First Investment in my Buy & Hold Portfolio

[Kobe McDaniel]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $330,000

I made this investment with a partner. He brought the cash, and I provided the sweat equity in getting it ready to rent. We rented back to the owner for several months before placing a long term tenant.

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

Listening to the BP podcast.

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

We knew the owner and they were looking to move across the state.

How did you finance this deal?

Conventional

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

I am the agent.