First Investment Property

[Omar Holness]

Investment Info:

Townhouse buy & hold investment.

Purchase price: $255,000
Cash invested: $20,000

Townhome located in Salt Lake City that has generated an incredible amount of income.

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

As a pro athlete, locker room talk was always the second best thing to winnning games. Real Estate talk was always an important topic. As one of the youngest in the locker room, I would always listen to the more experienced guys speak about the value of real estate and how lucrative it can be. To then close on my first property after gathering all the information I needed felt incredible.

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

I found the deal through a local real estate agent after being rejected numerous times by banks. A private lender decided I was worth the risk and the rest is history.

How did you finance this deal?

I financed the down payment of my first property through income I saved in the year of listening keenly to locker room talk.