Third more intentional investment

[Nathan Moore]

Investment Info:

Single-family residence buy & hold investment in New Braunfels.

Purchase price: $280,000
Cash invested: $25,000

Single family house intended to be my “new” forever house.

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

I knew at this point my life was less stable than I imagined it was and that this house would turn into an investment relatively soon rather than a home for me and my family.

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

Looked through Zillow and sent a list of interesting properties to the realtor that helped me get my second home. There was a builder lender that made the deal easy.

How did you finance this deal?

Just used the builders standard financer with the intent to use the home as my primary residence.

How did you add value to the deal?

Shortly after closing the deal the company I worked for changed my job and moved me abroad. I was able to move out of the house and rent it out.

What was the outcome?

I got a long term tenant and they are paying my mortgage.

Lessons learned? Challenges?

This was the easiest deal I think I’ve ever made and took advantage of a 2% interest rate for a primary home.

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

Just the standard builder lender and a realtor that I bought my second house with.