$1.7M SFR Rental in highly desirable area of the Bay Area

[Keri Carpenter]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $1,700,000
Cash invested: $340,000

Purchased to live in it after renovation. Renovation is too expensive so right now we're renting it out to cover our costs while we figure out whether we can build our dream home there.

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

Good schools. Great place to live.

How did you finance this deal?

Conventional Mortgage with a lender found on these forums, Jessie Hinaman. He's great!

How did you add value to the deal?

Nothing as of yet.

What was the outcome?

We got it rented and it will cover our costs so we're currently in a bit of a holding pattern but fine.

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

Jessie Hinaman has been financing most of my deals recently.