My First Investment...

[Joe Maurer]

Investment Info:

Single-family residence buy & hold investment in Glen Burnie.

Purchase price: $204,000
Cash invested: $6,000

2 BR, 1.5 BA Townhouse with finished basement and 2 car garage. Large walk-in closet. Full kitchen with breakfast nook, spacious deck, and off-street parking. Built in 2000, 1,280 square feet.

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

I lived in this townhouse from 2014 to 2018

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

Via MLS...used as a primary residence prior to renting

How did you finance this deal?

Bank/mortgage

How did you add value to the deal?

Made minor cosmetic repairs: new garage door opener, upgrade to furnace, replaced outdoor plumbing system

Lessons learned? Challenges?

First time owning a home--advantage was living in it for four years prior to renting it