First rental property

[Brad Spisak]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $32,750
Cash invested: $5,000

small single family that we ripped out interior and remodeled / upgraded.

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

Good deal

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

A real estate agent brought it to me after I mentioned I would be interested in a rental property.

How did you finance this deal?

Cash

How did you add value to the deal?

Remodeled

What was the outcome?

currently rented

Lessons learned? Challenges?

give myself more time to remodel before promising to rent it out.

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

real estate agent Jacque