San Antonio, my first investment.

[Aaron Rumney]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $270,000
Cash invested: $50,000

Just getting my feet wet and trying to learn through this.

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

Just trying to learn and get some experience.

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

Through a realtor, off market from a house flipper.

How did you finance this deal?

Conventional loan

How did you add value to the deal?

I could not add much since the house flippers already did most the work needed.

What was the outcome?

Rented but not cash flowing

Lessons learned? Challenges?

I need to find more value add and wait for a better deal, but the fear of getting started is now behind me.