First Investment property

[Thien Nguyen]

Investment Info:

Single-family residence buy & hold investment in Augusta.

Purchase price: $48,000
Cash invested: $10,000

Class C property in a class C neighborhood boasting 10 year long term renters.

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

Realtor

How did you finance this deal?

Convention bank financing

What was the outcome?

Cash flowing well

Lessons learned? Challenges?

Ensure inspection is air tight
Negotiate hard the deal to cover foreseeable repairs