First Deal as an investor and as an agent

[Dustin Drummer]

Investment Info:

Single-family residence buy & hold investment.

Rental Property near biggest industrial center in the world.

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

I grew up in Reno and have been working here as an Agent. I noticed that Fernley (A town east of Reno) has not experienced the massive appreciation Reno has but I am bullish because its the only direction Reno can expand and it is near the largest industrial center in the world - USA Parkway - and it already has a good rent roll.

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

MLS

How did you finance this deal?

Cash out Refi, family deal

How did you add value to the deal?

I found the deal, negotiated and got a deal below appraised value.