First Time Investor

[Andrew Roberts]

Investment Info:

Single-family residence buy & hold investment in Hutto.

Purchase price: $189,000

Cash invested: $3,000

This is a single family home in a residential neighborhood outside of Austin, TX.
3 bed/2 bath - 1200 sq ft

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

The number worked to cashflow as a rental.

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

MLS deal. Pretty standard negotiation. Talked the seller down about $6,000 and closing costs.

How did you finance this deal?

USDA Loan. First time homebuyer. Zero Down and 5% interest on a 30yr fixed rate.

How did you add value to the deal?

Cosmetic only. Paint, fixtures, hardware, etc.

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