First Rental Property

[Matthew Hense]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $240,000
Cash invested: $30,000

Bought this 3/2/1 in June 2022 as my primary residence. I renovated the entire home while living in it for a year and a half, moved out, and made it my first rental.

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

Growing area

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

Real Estate Agent, on MLS, negotiated with sellers based on Ribbon Cash Buyer program.

How did you finance this deal?

Conventional mortgage

How did you add value to the deal?

Renovation of the property

What was the outcome?

Long-term hold rental

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

Yes, agents are a huge help.