Purchased a small prop in McCall, Id

[Jami Vincent]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $292,000

small, funky property near downtown mc call.

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

Love the area. Would eventually like to do a major remodel and do only vacation rental instead of year round.

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

Through a friend who wanted to unload it for a bigger deal.

How did you finance this deal?

conventional mortgage

How did you add value to the deal?

haven't yet

Lessons learned? Challenges?

Since it was a friend agreement I used his insurance vendor and lease agreement - would definitely do my own homework first. Now I'm in a pickle as I have major repair to make and the tenants need to move out temporarily.

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

not on this one