First real estate investment

[Chris Flippin]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $30,600
Cash invested: $10,000

Started renting in September

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

Rich Dad Poor Dad

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

Realtor

How did you finance this deal?

Heloc

What was the outcome?

Rents for 550.

Lessons learned? Challenges?

Use quality paint.
Take note of how many nail holes you will have to repair.
If only getting to work on house a few hours a day, it may be worth having a contractor do the painting.

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

Darlene Cagle at Larry Raines realty.