First rental house, and a good start!

[Jonn E Coleman]

Investment Info:

Single-family residence commercial investment investment in Bellevue.

Purchase price: $166,000

4 bedroom, 4 bathroom 2700 sq ft, 2 car garage, 5 mins from Offutt AFB.

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

Large house, way under valued in an area that is growing at 6%

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

Drove by.

How did you finance this deal?

VA

How did you add value to the deal?

Basement Floor epoxy, kitchen remodel.

What was the outcome?

Still a work in progress

Lessons learned? Challenges?

40 year old woodworking is tough.

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

No, just us.