Colorado Property, new build

[Valerie DeFreitas]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $575

Will be renting 2 of the 4 rooms to traveling nurses.

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

I needed to get out of the apartment/ condo life. I wanted a house big enough to live comfortably while renting out half of the rooms.

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

Redfin
Used a realtor found from BP podcast

How did you finance this deal?

VA loan
$0 down

How did you add value to the deal?

Haven’t yet but I will
It’s a new build so not too much to do there, that I know of, yet.

Lessons learned? Challenges?

Should have made first offer and walked away but I wanted it so I negotiated and paid $10k more than original offer and $5k under asking.

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

Yes.