First rental property - turnkey purchase

[Eric Drum]

Investment Info:

Single-family residence buy & hold investment in Harrisburg.

Purchase price: $119,000
Cash invested: $24,000

Townhouse in downtown Harrisburg PA. Turnkey rental purchase with instant positive cashflow of $250 per month after expenses and set asides.

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

Easy and already refurbed/rented.

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

Local real estate investment meetup

How did you finance this deal?

Conventional - local bank

What was the outcome?

Instant positive cash flow and a little instant equity

Lessons learned? Challenges?

First deal nervousness but jumped into the first purchase to kickstart what will be many more. Easy to work with a well established company.