Buy 1st home in new development

[Tyler Wilcox]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $185,000
Cash invested: $10,000

New build, Fenced in Backyard

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

First home of many to be built in the area. I knew the market was great for rentals and I was able to buy as a primary. I lived here for over a year and it became a great rental home. Increased in value by over 100k.

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

I knew the builder. I reduced my commission and there was no listing agent commission.

How did you finance this deal?

Conventional 5% down

What was the outcome?

Still own cash flowing $750 per month.

Lessons learned? Challenges?

Stay away from Oak trees

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

Tyler Wilcox Realtor