First Residential Property as a Rental

[Robert Biggins]

Investment Info:

Single-family residence buy & hold investment in Houston.

Purchase price: $160,000
Cash invested: $8,000

First home purchased upon relocating to Houston, TX during October 2015. After moving to a different home in Houston (Pearland, TX) during November 2017, the first home in Houston, TX has been kept a rental property. Throughout my military career the plan is obtain residential properties and convert them to rentals or possibly flips in conjunction with 1031 exchanges.

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

As a first time home purchase, the plan was to convert the debt of paying a mortgage transferred to the placement of a tenant paying the mortgage for the purpose of generating passive cash flow and appreciation for wealth building.

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

It was a blessing; good timing and working with a suitable real estate agent to help oversee the process from beginning to completion.

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

Katrina Shields was the respective real estate agent, located in Houston, TX. A good and reliable agent to work with and recommended!

[Joseph Bridenstine]

Sounds awesome Robert! Thank you for your service and have a great Veterans Day! Check out ADPI if you haven't heard of it (Active Duty Passive Income), as they have some great resources on real estate investing for people in the military.