4/2.5/2 primary to 1st rental.

[Greg Wakefield]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $107,000
Cash invested: $20,000

2005 build, roof and ac in 2019, flooring and paint, turned into a long term rental sfh from our primary residence.

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

Trying to start diversity in portfolio by adding real estate.

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

Former primary residence.

How did you finance this deal?

Conventional financing

How did you add value to the deal?

Bought at the right time

What was the outcome?

Ongoing cash flowing rental property.

Lessons learned? Challenges?

I did the make ready myself.... I should have subbed it out.