1st single family investment home in Ft. Worth

[Robert Kalina]

Investment Info:

Single-family residence buy & hold investment in Fort Worth.

Purchase price: $195,000
Cash invested: $45,000

3 bedroom 2 bath home. 2 car garage with water irrigation system. Large lot in established neighborhood. New HVAC system. New water heater. Capital expenses in 2019 and 2020: New paint and new electrical panel, many new lights and plugs. Security lights added. New front door and frame with keypad entry. New back door and frame. New dishwasher. New roof (2019).

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

Cashflow

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

Real Estate agent.

How did you finance this deal?

Conventional loan. Approx 25% down.