Got the 1st one finally under the belt...goodbye analysis paralysis!

[Marc S.]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $275,000
Cash invested: $68,000

Contributors:
Victor Steffen

First property under my portfolio belt! Property appraised for 290K and required no rehab. This is a long-term equity hold with the focus of this property on path of progress in its location. I'll make up the cash flow in unrealized gains through the equity growth from the appreciation and of course the amortization of the loan. Purchased with a tenant in place for the next 10 months at market rents.

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

The location and research into the area of the property.

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

I had a great team and fantastic agent I connected with after listening to a podcast episode of Bigger Pockets.

How did you finance this deal?

Cash

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

Steffen Investor Real Estate Agent.