First home purchased!

[Elysia Hou]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $111,500
Cash invested: $29,300

First rental purchase in the books! A single family condo in the James Island area.

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

Low maintenance

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

Realtor.com

How did you finance this deal?

Traditional mortgage loan

How did you add value to the deal?

Changed to LVT floors and re did painting

What was the outcome?

Yet to be known

Lessons learned? Challenges?

Should’ve had a mentor. Tried to do everything and figure it out alone. Need more impartial advice