One home down 99 to go

[Juan Restrepo]

Investment Info:

Single-family residence buy & hold investment in Cooper City.

Purchase price: $230,000
Cash invested: $40,000

Rented Currently

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

I was young and wanted to buy near a college

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

Sell by owner. It was all personality to be honest

How did you finance this deal?

FHA waited for the equity to go up and refinanced to a conventional to get rid of the PMI

How did you add value to the deal?

I didn't, it was simply being young and wanting a house

What was the outcome?

great! 11 years to pay it off

Lessons learned? Challenges?

Doing things on your own is not easy

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

So long ago that I couldn't tell you