Owner occ turned investment with a zero down loan

[Robert Strohmeyer]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $143,000
Cash invested: $2,000

New build house hack turned into invest property. VA zero down just a few thousand for closing cost.

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

At the time it was a great price for a new home build in Las Vegas next to the air force base.

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

Real Estate agent at the time.

How did you finance this deal?

Zero down VA loan.

How did you add value to the deal?

House still has original flooring and paint. Tenant has been in the house long term for about 4 years. Once they move out I'll add more value with upgrading the flooring.

What was the outcome?

Still holding the property.

Lessons learned? Challenges?

Management of tenants is difficult even when you have a good tenant.