My very first deal

[Lewis Anderson]

Investment Info:

Single-family residence buy & hold investment in Fredericksburg.

Purchase price: $306,000
Sale price: $390,000

My home that I am house hacking. Allowed me to make money by renting the other rooms and when I moved I let a property manager live there so that they gave me extra income.

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

I wanted to use my VA home loan.

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

I was showed this by a real estate agent in Fredericksburg. I was a community of townhouses that was being built.

How did you finance this deal?

VA home loan

What was the outcome?

I house hacked it until I moved than gave the property control to a property manager in the area. When the first lease was up we sold the property.