First Investment Property

[Robert Jones]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $82,000
Cash invested: $10,000

3 bed 1 bath on 2 acres in great area, close to town, great school district.

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

Sounded like a smart idea to buy a house to live in while the Army was paying for it and rented two rooms out to Army buddies while living in it...

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

Knew what I wanted, searched until I found it and made sure it was in a good area, close to town and good school district.

How did you finance this deal?

Conventional 30yr fixed

How did you add value to the deal?

Bought with equity

What was the outcome?

Valuable equity available in home purchase

Lessons learned? Challenges?

How to manage tenants