3rd property in the books

[Nicole Heasley Beitenman]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $47,000
Cash invested: $13,000

My 3rd B&H. It was actually my childhood home. Conventional loan with 20% down and completely turnkey. I'm starting to feel like a real landlord now!

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

We know the house and neighborhood intimately

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

Driving for dollars and used an agent to negotiate

How did you finance this deal?

Conventional loan

How did you add value to the deal?

We passed on the inspection. We knew the house well enough that we didn't need it.

Lessons learned? Challenges?

Stick to areas you know. Out-of-state investors just can't compete with locals who live in/grew up in the area.

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

Absolutely! Feel free to PM me at any time to ask about my team.