Bought, lived in, now renting.

[Heath Shepard]

Investment Info:

Single-family residence buy & hold investment in Boerne.

Purchase price: $325,000
Cash invested: $66,000

I used to live in this property while doing cosmetic updates. I am now renting it out.

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

Location, worst house in great neighborhood, great schools.

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

MLS.

How did you finance this deal?

30 year fha.

How did you add value to the deal?

Cosmetic updates.

What was the outcome?

This city has seen tremendous growth and appreciation and this house is not the exception.

Lessons learned? Challenges?

Getting a 30 fha, living in it, fixing it up, renting it out works!