My First Real Estate Purchase- Not Great but it got me started!

[Austin Ashcraft]

Investment Info:

Townhouse buy & hold investment.

Purchase price: $156,000
Cash invested: $15,000

Buy and Hold Rental. Cash flows $700 a month.

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

It was my first real estate deal, I had been wanting to do it for a while.

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

I actually found it by visiting a friend who lived across the street. I had no idea what I was doing at the time, so I negotiated directly with the selling agent. I didn't get the best deal on the house, but I'm making up for it with the cash flow.

How did you finance this deal?

Conventional.

How did you add value to the deal?

Remodeled the kitchen.

What was the outcome?

Increased equity/ ARV.