Buy and hold using conventional Loan with 20% down

[Edwin Martinez]

Investment Info:

Single-family residence buy & hold investment in Toledo.

Purchase price: $40,000
Cash invested: $13,000

currently in Escrow will update when everything finalizes

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

out of state low price in good neighborhood to learn with smaller risks

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

MLS. price was lower than market asking. first offer was accepted.

How did you finance this deal?

conventional loan

Lessons learned? Challenges?

Buying off MLS is difficult to find good deals that cash flow competitive in a sellers market.

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

Danny Degnan and Dustin Hall with Key Realty

[Edwin Martinez]

@Damaso Bautista

Thanks brother! no I have not flown out there yet. i am in escrow i have home inspection scheduled for 5/16 for anything that was missed in the initial inspection. it is advertised as move in ready but no property is READY-READY lol few minor things need to get fixed prior to renting. i am already shopping out for management team. ive had very good luck with my agent.