Crescit Eundo Investment journey #1

[Sandra Chavarria]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $169,000

First real estate investment and landlord experience. In early 2020, identified Albuquerque as an interesting city with multiple industries (Entertainment, Military, Medical) and affordability. Took the plunge and came up gold. currently on our third tenant, and have been fortunate with all of them. House came with a casita that we updated and are now exploring midterm rental strategy. Crescit Eundo!

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

Finally decided to invest in real estate after so much hesitation.

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

Began researching cities to invest, as CA was our home state and pretty unaffordable. Quite familiar with entertainment industry, so it seemed reasonable that our network could be utilized for finding tenants. Also the prices and homes that were available were hard to resist. We offered $5K below asking, and eventually settled on a $5K credit due to a number of fixes that needed to be addressed.