first investment property

[Satish Garimalla]

Investment Info:

Townhouse buy & hold investment.

Purchase price: $205,000
Cash invested: $50,000

First time investor. Been thinking about getting into real estate but never seriously spent time on it. Found this property via a turnkey provider and it made sense. We are in the process of renting it at the moment. Fingers crossed!

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

Found it through a turnkey provider.

How did you finance this deal?

used savings for down payment. financed by a resource provided by turnkey provider.

Lessons learned? Challenges?

too early to say.