New Construction Rental

[Robert Kemp]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $278,305
Cash invested: $42,000

My first deal that is a new construction deal I bought from a builder.

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

The deal was a home run in terms of the numbers being great and it was built brand new after purchase of the land. A very unique and rare opportunity I felt I couldn't miss out on.

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

My mom's friend that invests in real estate. I trusted his judgement. I offer was very fair.

How did you finance this deal?

I put down 15%.

How did you add value to the deal?

I didn't since it is new construction.

What was the outcome?

I beautiful house with great tenants thanks to my property manager with great experience.