50th and Hamilton, Omaha, NE. rental property

[Kevin Rinn]

Investment Info:

Single-family residence buy & hold investment in Omaha.

Purchase price: $60,000
Cash invested: $15,000

bought 2 bedroom/ 1 bath for rental investment property. currently still rented

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

I wanted to get in to owning a renting houses as an additional passive income source and to supplement my retirement income when i do retire in 5-10 years

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

My good friend's older sister passed away and the heirs did not want the house, i made an offer and it was accepted.

How did you finance this deal?

standard 30 year mortgage via First National Bank of Omaha.

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

Gayla Leathers and her brother, Kevin Turco. Kevin is a long time good friend of mine.