My first investment

[Roman Pineda]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $363,000
Cash invested: $16,000

My first Investment, Singe Family Residence, I noticed the house came with a detatched garage witch me and my Sister had an idea to renovate into another living space to rent out. That is what gives home owners/first time buyers the extra spark when having different ideas to improve equity in the house and also help out with the mortgage.

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

They're many types of different loans but working with my Realtor Travis Beck, he opened the doors to many different types of loans to best fit our needs through his lender West Coast Funding. From then the Deal was struck!

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

My sister and I were looking on the Market and our realtor helped us struck a deal that no one can refuse (The seller and buyer).The house was up on the market for some time. Which helped us strike for a better deal.

Lessons learned? Challenges?

Make sure to have money saved for a rainy day 2X your mortgage and remember house appliances are expensive so to have that already in a storage or if family/friends will give you appliances even better.(Fridge, Couches, Tables and etc.)

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

I have worked with Travis Beck and his associate Patrick as my Realtors and my lender Isaiah Blas from West Coast Funding, I highly recommend to anyone and am very appreciative of the knowledge and help they offered to get me into my first house. Highly Recommended!