First home turned rental property

[Grant Fairman]

Investment Info:

Single-family residence buy & hold investment in Aberdeen.

Purchase price: $229,000
Cash invested: $40,000

2300 sq/ft, 3/2 with bonus room, large 2 car garage. Purchased with VA loan as first home. Upon moving stations I rented it out. Use property manager (5%).

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

It was a nice home, was tired of paying someone else's mortgage.

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

Beign my first home, I used USAA and a real estate agent.

How did you finance this deal?

VA loan (zero down) conventional loan

What was the outcome?

This home opened my eyes to possibility of rental properties (once I rented it out) and how that may be a viable passive income generator