FIRST INVESTMENT PROPERTY!!!

[Terri Lou]

Investment Info:

Single-family residence buy & hold investment in San Antonio.

Purchase price: $160,000
Cash invested: $16,000

CLOSE TO DOWNTOWN
FRONT HOUSE 2/1/0 672' - I PLAN ON THIS BEING A STRAIGHT RENTAL FOR $1050 P/MO.
1/1 CASITA IN THE REAR - I PLAN ON THIS BEING AN AIRBNB (AS A STRAIGHT RENTAL THE RENT WOULD BE $900 P/MO). NOT SURE WHAT THE NUMBERS ARE YET, RE: AIRBNB.

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

INCOME AND APPRECIATION

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

WHOLESALER; NO NEGOTIATIONS

How did you finance this deal?

HML

How did you add value to the deal?

I PLAN ON PAINTING INTERIOR AND EXTERIOR AND REDO THE FLOORING AND ALSO ADD SOME LANDSCAPING; FURNISHING THE CASITA ..NOT SURE BUT MAYBE COUNTRY CHIC

What was the outcome?

JUST GOT THE DEAL. CLOSING ON DEC 30.

Lessons learned? Challenges?

I'LL ADD TO THIS POST AS I GO THRU THE PROCESS.

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

HML: MATT JANNER AT SEARCHERS CAPITAL