Fairfield Condo Rental #1

[Robert Matelski]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $43,000
Cash invested: $45,000

Condominium unit in Fairfield, CA

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

Was able to buy for well under previous peak value.

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

MLS

How did you finance this deal?

Cash

How did you add value to the deal?

Minor cosmetic work

What was the outcome?

Ongoing regular stable cash flow

Lessons learned? Challenges?

Don't self-manage! I tried to self-manage at first and ended up with a horrible tenant. I now swear by using property managers... it is well worth the 8-12% they charge.