Started our adventure in rentals

[Cole Jensen]

Investment Info:

Single-family residence buy & hold investment in Centerton.

Purchase price: $135,000
Cash invested: $27,000

Ventured into single family rental with this purchase. Entry-level construction. Needed to put on gutters, paint doors and fix fence, no other major fixes required.

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

Turn key investment; on the rental market from day one.

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

Family-friend agent who also manages the property for us.

How did you finance this deal?

Conventional loan.

How did you add value to the deal?

Money.

What was the outcome?

Successful so far!

Lessons learned? Challenges?

Always take into account closing costs and all the 'extra fees' throughout the deal.