First deal done for long distance military investor!!

[Dimitri Paspalaris]

Investment Info:

Townhouse buy & hold investment in Jacksonville.

Purchase price: $168,000
Cash invested: $45,280

First deal done in the best school district in Florida. One down many to go. If you can put your mind to it and work hard you can achieve your goals.

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

I wanted to diversify my investments and not have all my funds in just equities and cash.

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

Found it via realtor.com and my real estate agent.

How did you finance this deal?

Conventional 25% down

How did you add value to the deal?

Just did some small cosmetic work

What was the outcome?

Tenant has moved in and paid the first check and it feels amazing.

Lessons learned? Challenges?

So many with a blog post to follow. Big thing is to never give up and keep trying. Make sure the numbers work, have a great team and do your homework prior to jumping in. Challenges building a winning team, finding deals, understanding the process of not just buying a house but how to set the foundations of being a good landlord.

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

Lots of people here on BP, want to give a major shout out to my lender and re agent they were more like mentors and if anyone is investing in Jacksonville will definitely pass you their info. My dad for helping me with the paperwork and being my handyman/general contractor/landlord as I continue my career with the Navy. Also my girlfriend for putting up with me analyzing all of my deals and constantly making phone calls and doing research.

[Adam Cade]

@Dimitri Paspalaris congrats brother! Hope this is the first of many successes!! We'll have to meet up next time you're in Jax and talk some REI! I'm just down the road a few hours.