Accidentally getting hooked on Real Estate

[Kyle Kline]

Investment Info:

Single-family residence buy & hold investment in Columbus.

Purchase price: $115,000
Cash invested: $5,000
Sale price: $149,000

This was the first home I purchased for myself with no real idea about real estate investments until I rented out my additional rooms to cover my mortgage and saw the possibilities and started doing research and realized I was house hacking and didn't even know it. After that, I was hooked and eventually sold this property when I moved South for a decent profit and a lot of lessons learned.

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

I was home from my first deployment and wanted to stop paying rent and making my money go towards an investment.

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

I utilized a local realtor in the area.

How did you finance this deal?

Conventional loan

How did you add value to the deal?

I refaced the cabinets, new flooring throughout.

What was the outcome?

Renting two rooms covered my mortgage payment allowing me to live for free and seeing a good ROI when I sold it.