My First Deal: Cashflowing, Highly Leveraged MTR in CO Springs!

[Josh Surver]

Investment Info:

Townhouse buy & hold investment.

Purchase price: $355,000
Cash invested: $60,000

First deal: MTR in CO Springs.

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

High leverage, high appreciation, & high cashflow.

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

Leah Keeling at Envision Advisors was my realtor and helped me find it on the MLS.

How did you finance this deal?

Secondary home loan at 10% down conventional financing.

How did you add value to the deal?

Turned it into a MTR.

What was the outcome?

Successfully cashflowing MTR in a high-appreciation area in my portfolio.

Lessons learned? Challenges?

Get good people on the team and anything is possible. Don't try to DIY furnishing from a distance.

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

Leah Keeling at Envision Advisors (agent), Paul Abaire at Armed Forces Bank (lender), Craig Kallian at Hoste (PM), and Bridgette Allen at AtYourServiceCOS (furnishing).