111 Virginia Ave property

[Jayden Hamilton]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $114,100
Cash invested: $114,100

I purchased this as my first investment when I was 18, almost 19. I had over 6 figures in my bank account and was encouraged by my grandfather to put it in real estate. I bought the property with cash outright.

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

Nice curb appeal. I bought it from a doctor who sold it for less than it was truly worth. Also, I wanted to make my money grow and not just sit in a bank account.

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

Found this deal online, I worked with an agent to close this deal. There was no negotiation, I gave an offer, and the seller accepted the first offer.

How did you finance this deal?

All cash in my savings account

How did you add value to the deal?

I added value by putting in new windows, adding landscaping, put in new flooring, added new paint.

What was the outcome?

Great!

Lessons learned? Challenges?

No issues with this property! The tenant always paid rent on time. In four years, the only expense I had was the water heater going out.

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

Yes, absolutley!