Buy & Hold/House Hack

[Marie Shepherd]

Investment Info:

Single-family residence buy & hold investment in Essex Jct.

Purchase price: $285,000
Cash invested: $12,000

Single family ranch in the village

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

Ease of entry to the market. Low inventory, prices are rising in the area. I knew I needed to buy ASAP.

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

MLS. Negotiated with the agent.

How did you finance this deal?

Conventional financing, first time home buyer, 3% down, seller paid most closing costs.

How did you add value to the deal?

cosmetic upgrades

What was the outcome?

Easy to rent! Looks great!

Lessons learned? Challenges?

DIY is tough when you have a full time job.

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

I am an agent!