New Construction Turnkey Rental

[Jeremy Schmidt]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $134,900
Cash invested: $44,900

Turnkey new construction long term rental in Lubbock, TX

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

Ease of working with a turnkey operator

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

Morris Invest podcast

How did you finance this deal?

Solo401k

How did you add value to the deal?

I provided the funds :)

What was the outcome?

The house was rented before we even closed. So far so good!

Lessons learned? Challenges?

Solo401k investing is fantastic!

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

Morris Invest is the company that sold me the rental. They were easy to deal with, though we did have to delay closing a number of times but I believe this to be more a matter of circumstance than their fault.