First Purpose Purchased Rental

[Matthew Rensel]

Investment Info:

Single-family residence buy & hold investment in Amarillo.

Purchase price: $165,000
Cash invested: $5,000

This was my first purpose purchase rental. Also the first I didn't live in first and first "out of state rental"

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

Cash Flow

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

MLS and a realtor

How did you finance this deal?

traditional financing

What was the outcome?

So far so good, only had 6 months.

Lessons learned? Challenges?

purchasing cash and then financing after is more difficult than expected

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

Yes, I would, contact for information on realtor and lenders I used.