1st rental property in portfolio!

[James Connor Stocking]

Investment Info:

Single-family residence buy & hold investment in Richmond.

Purchase price: $99,000
Cash invested: $26,948

Fully refurbished interior. Seller paid for exterior repairs minus the roof. I paid 20% and closing costs.

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

Bought it rent ready to keep it easy for my first purchase.

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

Property Manager turned me onto the property.

How did you finance this deal?

Used my own cash for the 20% down.

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

KRS Holdings and Praxis Realty