First Single Family Rental Investment

[Michael Bracewell]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $60,000
Cash invested: $60,000

Single family 3 bed/ 1 bath home renting for $750.00 a month
This property cash flows decently with a mortgage or without. I initially invested $60,00 to pay cash, but have since refinanced in order to work on acquiring more property. I am located in the Milledgeville, Ga area.

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

I have always been interested in the idea of investing in real estate to create long term wealth and provide financial freedom for my family. Honestly, I did not have a clue what I was doing when I purchased this first home because I had been talking with some professionals in my area but I did not start reading and studying until January of 2021 when I found bigger pockets. The biggest takeaway from this deal is that I screened my tenants well and made a move to get in the game.

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

A local real estate agent I work with who is also one of my customers in my pest control business brought me the deal after I asked to go look at a different property.