Eugene SFH Primary Residence

[Sheldon Vic]

Investment Info:

Single-family residence buy & hold investment in Eugene.

Purchase price: $305,000
Cash invested: $3,000

Currently primary residence utilizing VA loan. Seeking to turn this into rental (post 1-year timeframe). Potentially refinance to conventional in order to reuse my VA loan on next property.

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

First primary residence

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

Realtor, offered on property and was accepted

How did you finance this deal?

VA loan

How did you add value to the deal?

Buy and hold

What was the outcome?

+~5% equity established after 6 months

Lessons learned? Challenges?

Obstacles and benefits of utilizing VA loan.

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

Kirin Walsh (realtor)