Investment Info:
Single-family residence buy & hold investment in Bend.
Purchase price: $352,000
Cash invested: $35,000
I am currently house hacking this property. Four bedroom house with three rooms rented for $600/ room.
What made you interested in investing in this type of deal?
I was my first investment and I was looking for something safe. I figured the Bend market was in high demand for housing so finding renters wouldn't be hard and the house was built in 2011 so the odds of a huge expense right after moving in was minimal. This move seemed like a great foundation to build my investing career.
How did you find this deal and how did you negotiate it?
I found this deal on Realtor.com and used Cory Carlson (Also on Bigger Pockets) as my agent to negotiate the deal.
How did you finance this deal?
Personal Funds
How did you add value to the deal?
I just did landscaping for the property. This probably didn't shift the value of the home but it extended the living space for my tenants.
What was the outcome?
I love what's happening with this home! I live rent free and my tenants pay down my loan.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Cory Carlson (Agent)
