Our First Deal- Temple, TX

[Alyssa Markowitz]

Investment Info:

Single-family residence buy & hold investment.

4bed 2bath SFH long term rental in Temple, TX. Cashflowing ~$400/month after expenses. Didn't quite meet the 1% rule, but it got us started!

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

We wanted to get started with something small that felt manageable for our first property.

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

Found it on the MLS

How did you finance this deal?

Conventional loan, 20%down

How did you add value to the deal?

Cosmetic rehab- paint, backsplash, landscaping

What was the outcome?

It is a long-term rental cashflowing~$400/month after all PITI and expenses

Lessons learned? Challenges?

We learned that we have less free time than we thought and will be hiring things out from now on!

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

We loved our realtor and continue to use her- highly recommend Ashtin Mahler with Native Real Estate for any Temple/Killeen/Belton/Waco investors!