Initial Rental Property

[Carneen Cotton]

Investment Info:

Single-family residence buy & hold investment in Scottsdale.

Purchase price: $80,000
Cash invested: $20,000

2/2 condo

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

Easy to start venturing into rental properties with a small unit

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

My realtor found it for me

How did you finance this deal?

Bank Loan

What was the outcome?

Property is rented with a long term lease

Lessons learned? Challenges?

Had to evict first tenant that was residing in the property when I bought it

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

Becky Wolf, Realtor