Primary residence turned into rental

[Wesley Cowan]

Investment Info:

Single-family residence buy & hold investment in Corpus Christi.

Purchase price: $490,000
Cash invested: $550,000

Used to be primary residence. Decided to rent rather than sell. Thanks to bigger pockets advice.

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

Bigger Pockets

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

The house was only on the market a week and I drove by one day and bought it.

How did you finance this deal?

Cash then refinanced 65%. Was looking for more, closer to 80%, that is what I am looking for help on now.

How did you add value to the deal?

Added a swimming pool and added to the driveway, also added new HVAC, new privacy fence and tankless hot water heaters