Primary converted to rental

[Dustin Blach]

Investment Info:

Single-family residence other investment.

Purchase price: $260,000
Cash invested: $50,000

Rental converted from primary

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

I liked the area and needed a house.

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

Open market

How did you finance this deal?

Conventional loan

How did you add value to the deal?

Added 30k in improvements

What was the outcome?

Later bought another primary, and currently rent this one

Lessons learned? Challenges?

Doing all the work on improvements yourself is only the best option if it’s the only option.

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

Jim selle