Starting with a 2 Bed 1 Bath

[Skylar Blades]

Investment Info:

Single-family residence buy & hold investment in Brownsburg IN.

Purchase price: $180,000

It's only flowing $100 clean cash but for the fight I had to put up to get to this point it's a win!

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

Just dipping my toes in the water. I was looking for a house hack, but the location, price point, and condition of this house made it hard to pass up. I would have preferred a multi-family set up to house hack but i will make this work!

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

2 weeks

How did you finance this deal?

conventional

What was the outcome?

Secured and rented out already at $1600 a month/ no utilities

Lessons learned? Challenges?

Many lessons learned through this short journey. Most of it was just knowing that this was what i wanted to do. First deal, First home kind of thing. Just head down and dig deep. KEEP MOVING FOWARD if this is what you want to do!

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

I work with my agent Ryan who was AMAZING! We looked at a solid 30 homes and offered on about 14+. This was around the height of the sellers' market we just went through. We got beat up by the big dogs that are moving in on the area. We also fought single families that had emotional connections to these properties and a large sum of cash to go with it. In the end it's all working out and we are working on the next property every single day.

[Benjamin Aaker]

Nice find on this deal and getting started in investing. Don't worry at all about the $100 cash flow. You are building solid equity in this property and in a few years you can pull it out to buy the next one. Good luck with your future projects.