My first step into REI

[Tomeka Wray]

Investment Info:

Single-family residence buy & hold investment.

Cash invested: $38,000

This is my family home that I inherited. I gutted it and rehabbed it. Now I am taking on my first tenant. As a result, this jumpstarted my journey into REI.

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

I really didn't have a choice, I could just let it sit or make it work for my family.

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

N/A

How did you finance this deal?

I personally financed the rehab project.

How did you add value to the deal?

I modernized it by making upgrades where it mattered (kitchen/bathroom).