Property #1 (Started Investing at 19 years old)

[Kaitlyn Beard]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $200,000
Cash invested: $10,000

This property began with an initial house hacking, and has pretty much served as a BRRRR property as well, but without the "refinancing" portion. This house is currently rented out within a military town.

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

It was my first property! I did not want to rent an apartment, so I purchased a home. I soon realized I was house hacking after the fact and that is what led me to the next property!

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

Keller Williams

There was not too much harsh negotiation. Both the seller and I are Active Duty military and they had orders out of state and needed to sell the property quickly so I purchased the home and both parties were satisfied! Minor fixes here and there but nothing too crazy.

How did you finance this deal?

0% VA loan

How did you add value to the deal?

Renovations such as the following: cabinet paint, vinyl flooring, paint, removed popcorn ceiling and replaced with drop down, new baseboards, etc.

What was the outcome?

Lots of learning and the home is occupied with an $800 cash flow!

Lessons learned? Challenges?

Many, but I am stronger and smarter for it! I have learned many skills ranging from plumbing to carpentry to laying flooring myself, installing baseboards, texturing walls, to removing carpet, and much more.

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

Yes! I have a handful of AMAZING agents, fellow/local investors, mentors and some lenders that would be glad to help if local!