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Updated over 5 years ago on . Most recent reply

User Stats

18
Posts
4
Votes
Josiah Richard
  • Rental Property Investor
  • Indiana, PA
4
Votes |
18
Posts

Lived for 1 year and moved, got kinda lucky

Josiah Richard
  • Rental Property Investor
  • Indiana, PA
Posted

Investment Info:

Single-family residence buy & hold investment in York.

Purchase price: $162,000
Cash invested: $3,500

My wife and I originally purchased this house with a VA loan and put nothing down but some fees. We lived there for 1 year and then moved and have been renting it out since.

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

I had no idea what I was doing just like the house and figured it was a good area and would rent well when we had to move due to location.

How did you finance this deal?

VA loan as little down as possible.

How did you add value to the deal?

I didn't, it was a flip

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