2nd Home purchase using VA loan

[Tyrell Henry]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $165,000

Single family condo that I purchased using my VA loan

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

The market... That being said being so quick to grab na property at my young age it may not have been the best deal; but I put 0 money down and actually got paid to purchase this property so I guess I didn't do too bad.

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

I found this deal on the MLS and used tools such as inspection and appraisals to bargain a few thousand off of the loan.

How did you finance this deal?

With the VA loan, although this is not an initial investment property I intend to make it one sooner or later.

How did you add value to the deal?

As I am living in the property I am updating things such as the bathroom, paint, cabinets, countertops, and doors. It may not add much value but I am hoping it'll bring up the rental rates when that time comes.

What was the outcome?

Still in the process.