First Rental Property in Riverside, CA

[Alexis DalPont]

Investment Info:

Townhouse buy & hold investment in Riverside.

Purchase price: $265,000

2 Bed, 2.5 Bath Townhome with attached two car garage.

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

It was our starter home that we decided to rent out!

How did you finance this deal?

Down payment assistance program.

How did you add value to the deal?

Remodeled kitchen and replaced carpet with LVP (luxury vinyl plank).

What was the outcome?

We lived in the house for 4 years, not we have been renting it out for almost 2 years.

Lessons learned? Challenges?

Learned how to be my own property manager. I think it has been a valuable skill to learn but I will eventually hire one.

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

Yes, I have a couple of great agents and lenders that I would highly recommend.