Took The Leap and Jumped In!

[Daniella Sanchez]

Investment Info:

Single-family residence buy & hold investment in Melrose Park.

Purchase price: $150,000
Cash invested: $5,000

My first investment purchase! Poor thing needed a lot of work, but the good kind of work (knock on wood, nothing too pricey yet!). I'm really happy with the purchase, a lot of researching and patience allowed me to get a much larger home than my original budget allowed for.

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

I was tired of renting.

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

I am a real estate agent so I focused on the area I wanted to be in and was patient about finding the right deal.

How did you finance this deal?

Savings.