Updated over 3 years ago on .
- Rental Property Investor
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My first rental property
Investment Info:
Single-family residence buy & hold investment in Port Charlotte.
Purchase price: $195,000
Cash invested: $40,000
My first property back in 2021. I was so nervous as I bought this while in Afghanistan during the withdraw. My agent withheld all the bad stuff to just get the sale, the PM and inspector she sent me were horrible, however, I did such great research, it worked out in the end. By 2023, I'll be able to raise rent a large amount to be making over $300 a month positive cash flow.
What made you interested in investing in this type of deal?
Wanted to sell my house and buy my first rental.
How did you find this deal and how did you negotiate it?
MLS and my agent did as I asked. I was lucky, they took off $5k for a new roof during the hot market in Florida.
How did you finance this deal?
Loan.
How did you add value to the deal?
New roof and spent another $15k fixing up the house on things needing to be fixed.
What was the outcome?
Turning out to be a good base hit.