Sunshine State Investing!

[Robert Washington]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $192,000
Cash invested: $10,000

My second property was purchased in the sunshine state! Bought this single family in a prime location in the San Jose area, centered in the heart of shopping centers. Added over $10K to the house to include new paint, flooring, A/C unit and etc...

Bought for $192K at 3.75% interest rate in 2017. Refinance the mortgage to 2.25%.

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

Interest rates were low so I figured why not buy more real estate.

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

I used a RE agent. Wasn't much negotiation.

How did you finance this deal?

VA loan 0% down.

How did you add value to the deal?

Added over $10K to the house to include new paint, flooring, A/C unit and etc...

What was the outcome?

I have a renter in the property