I converted my first home purchase into my 1st buy & hold rental

[Nicole Barry]

Investment Info:

Single-family residence buy & hold investment in Lacey Township.

1st home purchase converted to 1st rental property (buy&hold).

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

Building portfolio for long-term wealth.

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

This was my first home purchase. Converted it into a rental instead of selling it.

How did you add value to the deal?

Finished fence to allow pets. Tenants with pets and kids like the full fenced in yard- I never have trouble finding a tenant.

Lessons learned? Challenges?

Always screen your tenants fully, but be flexible on credit. The application process weeds out any sketchy persons.