First rental property

[Dan Patella]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $305,000
Cash invested: $75,000

I am just beginning my real estate investing career and started out with a 2018 single family home in New Braunfels. It took me 30 days to rent out and I got a 12 month lease signed which is cash flowing $600 per month.

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

I am starting simple to learn the ropes and scale from here.

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

I found the deal on Redfin and went in $5,000 above asking price.

How did you finance this deal?

25% down and 30 year mortgage on the remainder.