First investment property

[Billy Farley]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $95,500
Cash invested: $12,000

First purchase when I was 22, used VA loan. Has been a solid single family home that has appreciated 90k from its sales price in 2017!

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

I always wanted to get into real estate investing, I decided to purchase a "future rental."

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

I first was pre-approved and referred an agent that I used. He provided me with list of homes and I decided this was the best purchase.

How did you finance this deal?

VA loan

How did you add value to the deal?

Updated landscaping, removed old baseboard heating, updated HVAC, new roof, updated kitchen, updated bathroom, added recessed lighting/fans to living room and bedroom.