Our first investment

[Zara Ryan]

Investment Info:

Townhouse buy & hold investment in Winchester.

Purchase price: $240,000

We house hacked this one with a VA loan- no money down. Lived in it for almost 2 years and then moved out and rented it.

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

It was the least expensive way to begin investing in real estate with the best loan terms since it was owner occupied.

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

We went to a community with a real estate agent. It was on the MLS

How did you finance this deal?

VA loan, 30 year fixed

How did you add value to the deal?

It was new construction, but the price was low enough that rents cash flowed from the beginning.

Lessons learned? Challenges?

This was the deal that let us know that it was possible to make money investing in real estate. It helped us get started and built our confidence.