First Investment Property

[Marcus Boehler]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $145,900
Cash invested: $3,000

Our First Investment
Purchased 2015
House Hack
3/2 Single Family
Best School District
100% occupancy for 5 years
$500 cash flow
2020 Market Price $215,000

Bought with a VA loan
Zero down

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

John Schaub, Building Wealth One House at a Time

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

MLS/Zillow
Short Sale
Went through the drawn out shot sale/bank process

How did you finance this deal?

VA Loan
Zero Down
Lived in for 10 months while we looked for the house we wanted to buy to live in

How did you add value to the deal?

It was a nice home already. Put carpet and painted walls. $3k