First Investment Property Success!

[Wes D.]

Investment Info:

Condo buy & hold investment in Wilder.

After a six-month search, we found our first investment property, a 2BR 2BA condo, with the invaluable help of an investor-friendly agent. It took a lot of work to find the right location, the right deal, and to get it furnished and ready to rent. We are excited by the progress we've made in 2023 on this new venture for us!

Thank you all!!

What was the outcome?

We closed on the property in October, furnished it in November, listed it as an MTR in December, and rented it within ten days to a traveling nurse. Once our guest services are humming along, we'll focus on finding the next deal.

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

We couldn't have done it without advice from other investors. We're grateful to @Ashley Kehr for her keen insights and practical advice in "Real Estate Rookie: 90 Days To Your First Investment" and to her and @Tony Robinson for their podcast "Real Estate Rookie." Also, @Zeona McIntyre and @Sarah Weaver's book "30-Day Stay: A Real Estate Investor's Guide to Mastering the Medium-Term Rental" was tremendously helpful; the bonus chapter by @Jesse Vasquez led to helpful advice from him on BP Forums.