Buy and Hold #1 back in 2022
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $154,500
Cash invested: $5,800
Nice 3/3 purchase with a conventional loan. Decided to rent it out instead of live in.
What made you interested in investing in this type of deal?
Was looking for a primary really, wanted to use a loan and not wait for the market to correct so I just jumped in.
How did you find this deal and how did you negotiate it?
Found it on market, negotiated sellers concessions to cover my down payment in exchange for asking price.
How did you finance this deal?
Conventional Loan
How did you add value to the deal?
Light cosmetic work done
What was the outcome?
Decided to rent it out. I rent it to a tenant who is doing STR arbitrage on it.
Lessons learned? Challenges?
Find a better property manager. Couldve rented it out sooner.
