Investment Info:
Single-family residence buy & hold investment.
Purchase price: $250,000
Cash invested: $83,700
My first TX property! I'm excited to invest in a TX property since the Dallas area is booming, and it's close to AT&T stadium. Plus, it's on a corner and REI Nation did another amazing job with the rehab. Thanks, REI Nation! This is #4! I can't wait get to #5+
What made you interested in investing in this type of deal?
The price was right, REI Nation offered management fee concessions, REI paid down the rate, and the rehad work was spectacular, as usual.
How did you find this deal and how did you negotiate it?
REI Nation! They're simply the BEST!
How did you finance this deal?
Guild Mortgage - 30% down with a 5.75 rate. Fees were reasonable.
How did you add value to the deal?
I put 30% down to reduce risk and create more cash flow.
What was the outcome?
I was able to invest in the Fort Worth/Dallas area! I love this area, and I'm excited to now own a property near AT&T Stadium.
Lessons learned? Challenges?
Taxes are high in TX with real estate, so put more money down to create some cash flow. Appreciation should be HUGE for this property over time. Time will tell.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
If you want to get into real estate investing, consider REI Nation. They're amazing to work with, and their property management (PPMG) is exceptional. I look forward to MANY more deals and years with REI Nation/PPMG. Thank you, REI Nation!
