My first rental unit

[Jacob Thomas]

Investment Info:

Single-family residence buy & hold investment in Shakopee.

Purchase price: $189,900

Cash invested: $48,900

Condo in Shakopee

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

Updated but still needed a tiny bit of work. Multiple offers within the first week of the listing.

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

Zillow. Full price offer, almost a bidding war.

How did you finance this deal?

Traditional Bank Loan

What was the outcome?

The unit was occupied after the second showing.

Lessons learned? Challenges?

Charge more money monthly and use the four square.