First 100% investment property

[Autumn Whittington]

Investment Info:

Townhouse buy & hold investment.

Purchase price: $155,000
Cash invested: $46,700

Townhouse in a C+, high demand area. This was a 1% deal by the send years rent. First investment property I bought and did not live in it before renting.

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

I was able to afford it with a great loan and the rents were strong.

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

MNL - RE agent

How did you finance this deal?

20% down investment loan under conforming terms.

How did you add value to the deal?

Replaced the 2x bathrooms, flooring, new paint throughout inside.

What was the outcome?

Great cash flowing property.

Lessons learned? Challenges?

Not all real estate agents are good for a investor.