Current Primary Residence and future rental

[Dakota Beyer]

Investment Info:

Single-family residence buy & hold investment in Cedar Rapids.

Purchase price: $116,000

Current Primary Residence

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

It is right next door to my first house.

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

When I purchased my first house I met all of the neighbors and told them if they are going to sell to call me and I would buy it. 4 years down the road they called me and we put the deal together!

How did you finance this deal?

VA Loan

How did you add value to the deal?

Negotiated a good purchase price

What was the outcome?

House hacked for a while and then decided it was time to live alone, currently under contract on the next primary residence and will cash flow $350/month

Lessons learned? Challenges?

Slabs and plumbing issues suck.