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Updated 7 months ago,
Just adding this 4 years late! Lol
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $169,000
SF new construction
What made you interested in investing in this type of deal?
I was in the military at the time. Knew the market was good and knew that I couldn't go wrong if I rented it out considering it was near a popular military base as well.
How did you find this deal and how did you negotiate it?
Real estate agent. New construction, didn't really try to negotiate.
How did you finance this deal?
VA loan!
How did you add value to the deal?
Appreciation thanks to the market.
What was the outcome?
Currently renting it out for a 2400$ profit yearly
Lessons learned? Challenges?
I live far away from this house, thinking about getting a property manager.