First real estate transaction

[Latta K.]

Investment Info:

Single-family residence buy & hold investment in Las Vegas.

Purchase price: $132,000
Cash invested: $10,000
Sale price: $192,000

Single family residential home. Buy and hold 2+ years. positive rental cashflow net $200/month.

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

Inspired by a friend's dad that owned multi-million dollar properties. Read "Rich Dad Poor Dad" and began to invest.

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

Found through local RE agent. Bought at the bottom of the market and sold 2+ years later.

How did you finance this deal?

FHA

How did you add value to the deal?

Buy and Hold.

What was the outcome?

Positive capital gain $50k+