Property near JBLM with HOA.

[Konrad Ferguson]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $180,000
Cash invested: $40,000

Bought when I had no idea what I was doing :).

Refi to get money out to reinvest at 3.5% interest, which is why cashflow lower.

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

I had money and know real-estate was good place to park some extra money :). Really no idea at the time except it might cashflow soon.

Regret is that the HOA is a pain to deal with, but it's a good place overall if tenants are good with keeping the lawn nice.

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

Real estate agent.

How did you finance this deal?

Local lender