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Updated about 3 years ago on .
My first investment property
Investment Info:
Single-family residence buy & hold investment in Bellport.
Purchase price: $245,000
What made you interested in investing in this type of deal?
For long-term generational wealth.
How did you find this deal and how did you negotiate it?
I found it on the MLS.
How did you finance this deal?
With a HELOC & Conv loan.
How did you add value to the deal?
Cosmetic repairs
Lessons learned? Challenges?
Alot of back and forth with the lender
![](https://assets2.biggerpockets.com/uploads/investment_image/image/69640/medium_image.jpg)