First Time Rental Investment

[Brenda Otero]

Investment Info:

Single-family residence buy & hold investment in Middletown.

Purchase price: $140,000
Cash invested: $21,000

One family attached on both sides. Had a fire and was renovated brand new.

How did you finance this deal?

15% down conventional loan

Lessons learned? Challenges?

No challenges. Did learn to look for better potential. If paying closing costs may as well be with multi family

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

I am a real estate agent. Lender was Isha with Superior Mortgage in Highland Mills, NY