This was our first single family home investment in Denver.

[Jessica Cress]

Investment Info:

Single-family residence buy & hold investment in Denver.

Purchase price: $300,000
Cash invested: $1

This is a single family home. 3 beds 1 bath. about 1100sq.

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

The price was right and the owner carried the note. Also this is in an area of Denver that is being redeveloped with scraps and new builds, so it is a desirable location. 

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

This deal was a family friend and so the negotiation was pretty easy. The friend wanted to move out of the city and owned the house clear and free and they were willing to carrier our note and make the deal clean and fast.

How did you finance this deal?

The owner carried the note for us and then we refinanced and paid them back in full.

How did you add value to the deal?

We made the deal as clean and clear as possible, so that it was easy to close.

What was the outcome?

We bought the house and have it rented out right now.

Lessons learned? Challenges?

I was able to understand contracts really well, before I got my license and how to negotiated the deal.

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

No we did not work with any real estate professional. We did the deal ourselves.