First Investment Property / House Hack

[Account Closed]

Investment Info:

Single-family residence buy & hold investment in Orlando.

Purchase price: $165,000
Cash invested: $10,000

Single-family Home

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

Rental Income / Residence

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

Zillow.com, had property inspected, found some things that needed to be updated and asked for lower price.

How did you finance this deal?

FHA Conventional Loan

How did you add value to the deal?

Met seller's needs/wants. had tenant ready to move in day after closing

What was the outcome?

Got the House at a GREAT price, refinanced 1 year into owning property for lower interest rate.

Lessons learned? Challenges?

To get different quotes from companies regarding repairs. Look over every detail with inspection report.

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

Yes