My very first Realestate investment

[Vance Van Krieken]

Investment Info:

Single-family residence buy & hold investment in Sierra Vista.

Purchase price: $140,000
Cash invested: $28,000

Live in Rehab.
ARV $190,000
Estimated rent $1,400
Estimated Morgage $750

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

It was a deal in a market where deals are hard to find. A deal is better than no deal. Taking this experience as my Masters Program from the School of Hard Knocks

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

Through a Realtor

How did you finance this deal?

Personal Financing

How did you add value to the deal?

Added contemporary flooring, appliance, and kitchen countertops at a discount. Fixed holes in the walls and painted them. Fixed minor damages on roof, doorframe, and HVAC.

What was the outcome?

We shall see

Lessons learned? Challenges?

No plan survives first contact