First Deal - Single Family Rental

[Stuart Hurst]

Investment Info:

Single-family residence buy & hold investment in Conway.

Purchase price: $104,500
Cash invested: $35,000

Its been over a year so I'm late in posting this. We did this deal as a 20% down conventional loan. Its been rented from day 1. We did have to make some improvements and we had one big plumbing expense come up in August 2019. However, the cash flow has been great and we're hoping to refinance the original loan soon to get a lower rate and pull some cash out for another deal!

Lessons learned? Challenges?

Learned a lot about estimating repairs and what improvements actually add value to an investment property.