Investment Info:
Single-family residence buy & hold investment in Westminster.
Purchase price: $168,000
Cash invested: $60,000
Currently my single family rental property
What made you interested in investing in this type of deal?
Always wanted to invest in real estate
How did you find this deal and how did you negotiate it?
mls
How did you finance this deal?
fha loan
How did you add value to the deal?
Lived on property and fixed up property by adding two beds and one bath, which increased equity in home.
rented property for the last three years, while using equity for other investments and cash flow.
What was the outcome?
Great experience being a landlord and fixing up a property to add more value
Lessons learned? Challenges?
living on property while rehabbing home and still working a Job
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Real Estate broker Dan Mackin, Cindy Howeth with city wide financial
