Columbia River Gorge Rental

[Kristine Mier]

Investment Info:

Single-family residence buy & hold investment.

Sale price: $225,000

I bought this home while I was living in the area. I started renting out rooms to help with the mortgage. Now it's completely rented out to three individuals, one which manages the property for me.

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

I lived in the area and the market has been appreciating exponentially.

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

MLS, traditional negotiation. They wanted 235k

How did you finance this deal?

Traditional bank loan

How did you add value to the deal?

I asked for sellers to pay closing costs and purchase a home warranty.

Lessons learned? Challenges?

Having someone I trust manage the property from inside the house has worked out great. She may want to buy the home, so she takes very good care of the home.