Dipping My Toe in the Real Estate Investing Waters

[David Bell]

Investment Info:

Single-family residence buy & hold investment in Indianapolis.

Purchase price: $69,900
Cash invested: $17,000

This was a turnkey deal as my first deal so that I could get a feel for real estate investing. What an incredible learning experience.

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

I wanted to get into real estate the easiest way possible.

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

Turnkey company. No negotiating which is a downside to turnkey.

How did you finance this deal?

Conventional 30 year mortgage with 20% down. Downside is money is tied up in the deal.

What was the outcome?

Still have it. Still learning.

Lessons learned? Challenges?

Spend a couple hundred and have the sewer line scoped during due diligence period.