First investment house

[Account Closed]

Investment Info:

Single-family residence buy & hold investment in Augusta.

Purchase price: $139,000
Cash invested: $27,000

My first SFH purchase may have been a negative cash flowing deal but by paying double payments and holding it for a while I was able to use leverage once I started the RE journey.

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

After 8 months in Afghanistan I decided to buy a house instead of throwing my money away, I knew RE was good but I had NO idea about any of it. I closed on a new build SFH and paid double payments and thought well that's it I'm an investor now and went back to work for the next 5 years. As I was looking to answer an RE question online I found this site, heeded some advice and decided to leverage my SFH. I converted the 15 year note to a 30, took 75k on a refi, and my cash flow increased allowing

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

Found the closest real estate agency, explained what I was looking for and that was that.

How did you finance this deal?

20% down on a Conventional bank loan.