Our first rental on our way to a SFR empire. 1 house at a time.

[Mark Kavin]

Investment Info:

Single-family residence buy & hold investment in Valencia.

Purchase price: $336,000
Cash invested: $336,000

Paid for Rental. Annual cashflow approx 25K net.

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

Conservative risk tolerance

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

First time home buyer, FHA 3.5% down. bought at the dip of the crash. Sat on the market for 6 months. Asking 360. Offered 300. Settled at 336.

How did you finance this deal?

FHA

How did you add value to the deal?

landscaping, paint, flooring

What was the outcome?

Rented 3 years so far. Our first rental.

Lessons learned? Challenges?

Would like to BRRRR to accelerate