First investment, a start to my portfolio!

[Matthew Powell]

Investment Info:

Townhouse buy & hold investment.

Purchase price: $90,000
Cash invested: $20,000

First investment property!! Negotiated a private loan with 3% interest for 20-years with a $90k selling price. The conventional loan rate was 7.625% for 30- years on a selling price of $100k

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

Numbers worked in my favor for cash flow

How did you finance this deal?

Private lending