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Updated over 4 years ago,

User Stats

23
Posts
10
Votes
Nate Morris
  • Investor
  • San Jose, CA
10
Votes |
23
Posts

Our first Deal in San Jose

Nate Morris
  • Investor
  • San Jose, CA
Posted

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $699,000
Cash invested: $145,000

Full gut single family residence including hardscape, landscape and complete interior remodel.

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

It was a classic live in rehab in an up and coming neighborhood with great schools, walk to shops and easy freeway access.

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

We found the deal ourselves and negotiated directly with seller.

How did you finance this deal?

Meriwest Credit Union supported our first time home buy and the offered two free rate discounts post close.

How did you add value to the deal?

Comps

What was the outcome?

We used this asset as a cashout for other investments.

Lessons learned? Challenges?

Lots!

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

Annette Seaborn in Los Gatos was key in encouraging us to hold / rent rather than sell.

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