First Rental, Second Time Around

[Benjamin Robinson]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $225,000
Cash invested: $500

The second house, waiting to move to rent out.

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

Primary residence

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

MLS, typical buy

How did you finance this deal?

FHA

How did you add value to the deal?

Buying in Colorado Springs hahaha

What was the outcome?

100k equity in a year, no renovation.

Lessons learned? Challenges?

Buy in strong markets, that is growing rapidly, and grow with the equity.

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

Yes, Nathan Johnson with REMAX, The Nathan Johnson Team.