Getting started is the most important part

[Emily And Eric Erickson]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $185,000
Cash invested: $37,000

4 bedroom, 3 bath 2 story in quiet neighborhood.

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

Interested in proving that I can do a long term rental

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

Found this property on the MLS

How did you finance this deal?

Conventional loan, 30 year term, 20% down

How did you add value to the deal?

Offered it as a lease option

What was the outcome?

Has been continuously filled for the last 2 years by the same renters

Lessons learned? Challenges?

Anyone can do this!