First House - California

[Jamie Scott]

Investment Info:

Townhouse buy & hold investment.

Purchase price: $181,000
Cash invested: $40,000
Sale price: $510,000

Townhouse

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

This was my first house. I moved out due to military orders and began renting it out.

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

This was a foreclosure.

How did you finance this deal?

VA Loan

How did you add value to the deal?

Kitchen was remodeled, new double paned windows.

Lessons learned? Challenges?

Avoid HOAs