first home purchase, commercial loan

[Thomas Johnson]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $112,000
Cash invested: $27,000

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

cash flow

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

realtor.com
an agent

How did you finance this deal?

comercial loan

How did you add value to the deal?

minor renovations to kitchen and bathroom. Mostly cosmetic and smaller repairs.

What was the outcome?

Not cash flowing as much as anticipated

Lessons learned? Challenges?

need to find better deal, budget better for repairs and cap ex.