Partner's first home, converted to a rental.

[Julee Felsman]

Investment Info:

Single-family residence buy & hold investment in Portland.

Purchase price: $139,500
Cash invested: $9,000

My partner's first home. Purchased as a primary residence and turned into a rental when we cohabitated. In a quiet area of University Park about halfway between U of P and St Johns.

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

Purchased to be my partner's primary residence.

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

The first home showed by the realtor on her first day of house-hunting. Listed in the MLS.

How did you finance this deal?

Conventional loan with 6% down.

How did you add value to the deal?

Modest cosmetic upgrades over the years... most extensively in the bathroom. But it was a great, solid house, so not a lot to do.