First Investment Property

[Tim Zoz]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $135,000
Cash invested: $17,000

Single Family

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

Something easy to learn with

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

MLS/Agent

How did you finance this deal?

401(k) loan

How did you add value to the deal?

Cosmetic upgrades, no major issues to address

What was the outcome?

Under contract, 35 applicants, filled before first payment

Lessons learned? Challenges?

First time home renter. Needed a lot of guidance on minor things. Brought many minor things up after first month that could have been avoided by investing a few extra couple hundred bucks prior to showing.

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

Agent - Leann Starks