First home buying experience

[Zachary Hom]

Investment Info:

Other buy & hold investment in San Bruno.

Purchase price: $355,000
Cash invested: $70,000

First-time buying and primary residence.

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

Living in California and having not a lot of investing experience.

How did you finance this deal?

Conventional Loan

How did you add value to the deal?

Holding a property in the Bay Area has allowed the price to appreciate.

What was the outcome?

The value of the house has gone up by 30% since I bought it.

Lessons learned? Challenges?

I learned a lot about the home-buying process through this experience. I did not know a lot of the common terms of real-estate at the time. I feel more confident now in talking about real-estate with people. I experienced a lot of challenges that people who were fresh out of the nest would experience. I think learning how to read and understand documents was one of those challenges.

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

I worked with Kevin Cruz. He is an excellent agent if looking to invest in the Bay Area. He was normally working on million-dollar houses, but he was young and willing to help someone in need. Would recommend his work to anyone.