5055 Jay St NE Washington DC

[Michelle Nicole Rodgers]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $260,000
Cash invested: $8,000

First home, single family. Three bedroom (large master, small second, basement bedroom, upstairs full bath and basement full bath. Basement also has separate entrance.

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

There was no deal, it was my first home, 30 months later I purchased a second and was able to rent out this home.

How did you finance this deal?

Traditional mortgage.

Lessons learned? Challenges?

If I had to do it again I would have spent more time researching the proper way to be a landlord and not just found tenants so that my mortgage was paid.

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

Ryan Butler with Keller Williams