Our first rental property

[John R Kepler]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $30,000
Cash invested: $6,000
Sale price: $34,750

3/2 attached garage

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

I was young, no kids and motivated.

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

MLS

How did you finance this deal?

Conventional

How did you add value to the deal?

Depended on my agent mostly. The Rent was higher than my mortgage was about all I understood at that age.

What was the outcome?

I made a little and learned a lot.

Lessons learned? Challenges?

I was convinced realestate was an avenue to financial security.