1st rental- FHA

[Carolina Mejia]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $145,000
Cash invested: $20,000

Bought as FHA for owner occupied- rented out later for $1675, now $1775. Mortgage is $897!

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

owner occupied

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

MLS, normal retail

How did you finance this deal?

FHA

How did you add value to the deal?

None

What was the outcome?

Great cash flow! Stable property!