My first property in 2019

[Natasha Graves]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $300,000
Cash invested: $14,000

My first property using the house-hack method.

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

I was always interested in real estate and at this point I was 1-year out of college with my lease ending soon. I wanted to buy in the DC area but at the time was priced out.

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

I found it on the MLS with my agent. We were able to secure it 25k under listing.

How did you finance this deal?

I went with a conventional mortgage - 5% down in conjunction with the Maryland SmartBuy Program for student loan payoff.

What was the outcome?

Since purchasing, I've been renting out 2 bedrooms that cover the mortgage.

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

Lovelle Pierre - Realtor
Donny Bayton - Lender