First successful investment - so far

[Arthur Donovan]

Investment Info:

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

Purchase price: $198,000
Cash invested: $10,500

The house was purchased as a first home through conventional financing. Some CAP EX improvements carried over from the purchase agreement increasing the appraisal, ultimately avoiding PMI. The unit rents for $300 over all expenses and I'm curious about selling soon, in this seller's market.

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

Great neighborhood and had extra cash

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

Via and open house

How did you finance this deal?

Conventional loan

How did you add value to the deal?

Had a sales license and requested a new roof via the negotiation.