Our first investment was a great success.

[Kenneth Haynes]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $92,000
Cash invested: $92,000

Our first investment! A two-bedroom condo in Nashville. Great tenants!

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

The numbers worked. It was in the market we wanted to invest in.

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

I found it on RedFin. I negotiated through a real estate agent.

How did you finance this deal?

All cash

How did you add value to the deal?

Upgraded the kitchen, bathrooms, and windows.

What was the outcome?

Increased ARV

Lessons learned? Challenges?

Make sure the neighborhood is a good one.

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

Jeff Jolly - Crye-Leike real estate. The best agent for buying.