2nd property single family home

[Diego Renteria]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $469,000
Cash invested: $24,000

My second property, it doesn't really cash flow all that well. I was thinking of getting rid of it and investing that money into another property.

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

I really liked the house, and didn't think of it as an investment too much, I was thinking of just calling this place home.

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

I found this deal on Zillow I didn't even try to negotiate the deal to bring the price lower.

How did you finance this deal?

VA loan, I only put around 5% down.

How did you add value to the deal?

No, I only really remodeled the master bedroom after I bought the house.

What was the outcome?

I break even, but i actually lose money on management fees. if I managed it myself I wouldn't be losing money.,

Lessons learned? Challenges?

do more research and make sure the property will cash flow when you leave.

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

yes, Danelle Regan is one of the best agents in the oak harbor area.