All Forum Posts by: Joshua Parsons

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $95,000
Cash invested: $15,000

After hitting many bumps along the road, we landed our first investment property, out of state!

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

We found the house on Zillow. Our Agent Steve helped us negotiate the house down from the $110,000 it was listed at to $95,000.

How did you add value to the deal?

Interior remodel including new floors, fixing a soft floor, Fixing a wiring issue, and moving the laundry room. We had a new roof negotiated in after inspection as well..

Lessons learned? Challenges?

Always have backup plans in place for financing.

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

Yes, Stephen DiJulius was amazing throughout the whole process! Being local to the area and an investor himself made it so he had many recommendations for us as we progressed through the purchase and rehab process.

Hey all, first time posting and also looking for my first rental. Curious as to your thoughts on a single condo unit. Pros? Cons? Feasibility? 

I know that the financial numbers work (including the HOA), is there anything else I should look out for?