Nashville Turn Key - First Home Buyer

[Pablo Hernandez]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $360,000
Cash invested: $13,000
Sale price: $415,000

Bought as turnkey with FHA and started renting by the room! Allowed me to purchase my 2nd property

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

This was my first ever home purchase and I was afraid of getting my hands dirty because I didn't know too much. Just knew that if I rented by the room I could make the numbers work and pay less than I was renting at the time.

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

Real Estate Agent - I knew what number would work for my monthly mortgage with two roommates I had already selected so we used that number and worked backwards

How did you finance this deal?

Took money out of stock options I had made working for a tech company