1st townhome investment property

[Derrick Ho]

Investment Info:

Townhouse buy & hold investment.

Purchase price: $380,000
Cash invested: $115,000

3 bed 2.5 bath 2400 SQ FT townhome with unfinished basement in central Midvale minutes from the highway.

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

My parents

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

Myself and an agent, not sure if it is a good deal or not just getting my feet wet.

How did you finance this deal?

Parents helped with down payment, convetional mortgage on the rest

How did you add value to the deal?

I didn't do any renos

What was the outcome?

$500 cashflow so far

Lessons learned? Challenges?

I dont like HOAs

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

I worked with Joel Carson in Utah who I work under as an agent now as well. Broch Lassig was my lender.