My Primary residence I turned into an investment

[Jack Colmenero]

Investment Info:

Single-family residence buy & hold investment in Westminster.

Purchase price: $168,000
Cash invested: $60,000

Currently my single family rental property

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

Always wanted to invest in real estate

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

mls

How did you finance this deal?

fha loan

How did you add value to the deal?

Lived on property and fixed up property by adding two beds and one bath, which increased equity in home.
rented property for the last three years, while using equity for other investments and cash flow.

What was the outcome?

Great experience being a landlord and fixing up a property to add more value

Lessons learned? Challenges?

living on property while rehabbing home and still working a Job

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

Real Estate broker Dan Mackin, Cindy Howeth with city wide financial