This was our 1st Investment

[Henry Paschall]

Investment Info:

Single-family residence buy & hold investment in West Plains.

Purchase price: $62,000
Cash invested: $62,000

This was my wife and I's first investment property. We had her mom live in it and decided this was for us.

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

We wanted to get into real estate investing and we already had a tenant lined up.

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

We purchased off of MLS.

How did you finance this deal?

Commercial Loan with Wood & Houston Bank

How did you add value to the deal?

We did not really add value to this deal, we put a great tenant into the property and paid it off as quick as possible.

What was the outcome?

We paid off the property in 5 years and it is just cash flowing now.

Lessons learned? Challenges?

This wan't a home run, it was just an asset in our tool belt to get started. We didn't really have any challenges with this property it was smooth and paid for itself.

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

Pamela Cochran Century 21 Ozark Hills Realty Inc