Hilltop Tacoma Single Family Rental (First Deal)

Hilltop Tacoma Single Family Rental (First Deal)

Real Estate Broker · Bellevue, WA · Member since 2020 · 48 posts · 30 votes

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $265,000
Cash invested: $8,000

Got in for 0% down, lived in until I rented it out!

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

Location, Location, Location

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

Sourced on the MLS, negotiated myself and earned a commission on top of a great deal!

How did you finance this deal?

FHA 30 year as well as a Washington State First Time Home Buyer Bond

How did you add value to the deal?

Cleaned up landscaping and put in new floors

What was the outcome?

Cash Flowing Rental Baby!

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

I worked with my favorite agent (myself) and a fantastic Lender named Jason Tsang

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  • Investor · Tacoma, WA · Member since 2020 · 20 posts · 8 votes
    6y

    Congrats, @Sean Barnebey, Hilltop is a great area. Here's to more successes in the future!! 

    Cynthia

  • Real Estate Broker · Bellevue, WA · Member since 2020 · 48 posts · 30 votes
    6y

    Thank you so much @Cynthia Williams! Big fan of Hilltop/Central area, hoping to score another deal there soon!

  • Real Estate Agent · Denver, CO · Member since 2015 · 125 posts · 43 votes
    6y

    @Sean Barnebey Nice work!

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