First turnkey SFH buy and hold property

[John Roesler]

Investment Info:

Single-family residence buy & hold investment in Kansas City.

Purchase price: $99,000
Cash invested: $23,155

Single family home in Kansas City Missouri

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

The deal was turnkey through a provider and the numbers were good

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

RentToRetirement found the deal for me and I worked with them to get the deal done

How did you finance this deal?

Traditional 20% down mortgage

How did you add value to the deal?

Nothing notable yet

What was the outcome?

Rent checks are flowing. Flowing from day 1 as the home was pre-leased by the property managers, Only Choice PM

Lessons learned? Challenges?

Be patient. There were many times throughout the process when I was feeling impatient with the pace at which things can move between the lender dotting all it's i's and crossing it's t's, and then the time from first rent check paid by tenant to actual deposit in my bank account.

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

@Zach Lemaster with Rent To Retirement, and all the folks over at Only Choice Property Management!