Don't overlook the easy ones!

[Kirk Catt]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $265,000
Cash invested: $8,000

Never overlook the easy ones. Helped my Dad buy this home with his VA loan. I paid closing costs. Now his VA checks pay the mortgage. In less than 2 years home is now worth $320,000.

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

Working with family

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

On the MLS. Paid full price in a fast rising city.

How did you finance this deal?

VA Loan by Father

How did you add value to the deal?

Paid for closing costs

What was the outcome?

Great house that will make a good amount of money when it is sold

Lessons learned? Challenges?

How to partner with a relative.

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

I am the Realtor on this one.