First investment property in Lansing, MI

[Tzvi Keisar]

Investment Info:

Single-family residence buy & hold investment in Lansing.

Purchase price: $82,000
Cash invested: $20,000

2bd/1bath in Lansing, Michigan. Good condition. Added gutters and fixed roof problems.

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

@Josh Nelson helped us find the property, video walkthrough, negotiate, and pretty much everything we needed. Highly recommend working with Josh in this area!

How did you finance this deal?

DSCR loan, 20% down

Lessons learned? Challenges?

Finding renters is the difficult part. Got to have good boots on the ground to help with showings and make sure the house is in good condition. Luckily, we found @Mollie Muncaster from BHHS, she went above and beyond to make sure people can see the property on their own schedule, that the house is in good showing condition, and pretty much everything we needed to be able to rent it out. I am very thankful for her support and I can not recommend Mollie enough if you need an agent in the area!

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

@Mollie Muncaster from BHHS, she went above and beyond to make sure people can see the property on their own schedule, that the house is in good showing condition, and pretty much everything we needed to be able to rent it out. I am very thankful for her support and I can not recommend Mollie enough if you need an agent in the area!

@Josh Nelson helped us find the property, video walkthrough, negotiate, and pretty much everything we needed. Highly recommend working with Josh in this area!