Rental Property Investing

[Stacey Andrews]

Investment Info:

Townhouse buy & hold investment.

Purchase price: $225,000
Cash invested: $27,000

Currently own a townhome. Minor REHAB is required i.e windows, roof, door handles, flooring etc. buy and old property with house hacking in mind.

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

Real estate agent helped realize the potential of property during the buying process

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

Market value for $250k. determined roof and windows had issues and needed to go through a rehab/refurbish. bought for 225k.

How did you finance this deal?

A current military member. used the VA loan to put 0 down on the property. had more money to Refurbish the property

How did you add value to the deal?

Has the opportunity for rental and will be using the BRRR strategy that I learned in the Rental Property Investing by Brandon Turner

What was the outcome?

Currently appreciated up to $268k.

Lessons learned? Challenges?

I need to better determine the Strategies I want to use for rental property investing. I also need to come into contact with more sources and/or people to have the better initiative in my proceedings with future properties, hence why I am on bigger pockets currently.

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

Yes, I have only worked with one so far, but has been a great help in my first home buy and is a great help in my current plans for the property I am working on now. Lia Brock in Klamath Falls is a great Agent that is both professional and takes reasonable care in your process of acquiring new properties.