First Single Family Residence Acquired!

[Kaul Christian Kappenman]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $180,000
Cash invested: $10,000

First SFR, the plan is to live in it for a while and then turn it into our first rental property. :)

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

Great location!

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

It was for rent, so I reached out to the property management company and bought it from the owner.

How did you finance this deal?

Conventional loan.

How did you add value to the deal?

Completely updated the interior.

What was the outcome?

TBD...

Lessons learned? Challenges?

Porcelain tile floors are harder to lay than I thought. ;)

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

I am a licensed Real Estate Agent. I used Movement Mortgage for financing and I would highly recommend looking into this company. Very quick turnaround and super friendly staff ( at least here in Huntsville, AL).