First Investment, My New Portfolio in Tampa Bay.

[Hecar Maldonado]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $26,000
Cash invested: $15,000

Long term Rental

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

it was cash deal, quick and easy. great returns. not much rehab needed.

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

A friend sold the home to me. off market.

How did you finance this deal?

No Finance.

How did you add value to the deal?

flooring, kitchen and bathroom remodeling, privacy PVC fence, chain link fence out front to keep intruders out. great for keeping pets in. paint job on the interior and exterior.

What was the outcome?

still own the property

Lessons learned? Challenges?

get contractors to sign contracts.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I am an Agent.