First deal in progress

[Tyson E Keslar]

Investment Info:

Single-family residence buy & hold investment in Latrobe.

Purchase price: $30,000
Cash invested: $10,000

Rent to own deal in progress. Using private money to pay off the deed then looking into equity loans to rehab and purchase other properties. I plan to use this home as a long term rental.

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

I almost have this house paid off already so it just made sense.

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

I was living in and renting the house and asked the landlord if he was interested in selling it to me and he was.

How did you finance this deal?

Owner financing.

How did you add value to the deal?

I am remodeling and updating the interior and exterior of the house.

What was the outcome?

Still in progress

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

Friends who are agents and lenders.