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Updated over 4 years ago,
First Purchase and Lots of Lessons Learned
Investment Info:
Single-family residence buy & hold investment in Celina.
Purchase price: $283,000
Cash invested: $20,000
Currently living in the residence while slowly renovating it over time. Plan to keep myself and my family here for another couple of years and then sell the property or keep it as a rental.
What made you interested in investing in this type of deal?
I was tired of burning my money in rent living in apartments
How did you find this deal and how did you negotiate it?
Zillow, negotiated with a real estate agent.
How did you finance this deal?
VA Loan
How did you add value to the deal?
New landscape, plan to redo bathrooms and repaint
What was the outcome?
In progress
Lessons learned? Challenges?
Owning a home is more expensive than planned! Learn to check items such as the hot water heater in the beginning as we had to buy a new one just over a year into living here.