1st Real Estate Investment

[William Bucklin]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $30,000
Cash invested: $18,000

A BRRRR that turned into a LIve-in BRRRR. I'm Currently living in the residence while the rehab is completed. I plan on renting out this residence and moving into a owner occupied multi-unit

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

It was owner financed at good price, reasonable rates and with a down payment i could afford. I knew that worst case scenario i could easily make the monthly payments and pay off loan at the end of 5 years if needed. This would mean if I wasn't able to refinance or rent it out I'd still end up with a piece of real estate that was worth more than what I paid and appreciate.

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

I found it on craigslist.

How did you finance this deal?

Owner-financing and private money for the rehab