Single-family residence buy & hold investment.
Purchase price: $55,800
Cash invested: $17,500
3/2 apartment in a HOA complex.
What made you interested in investing in this type of deal?
My strategy was to get as many rental properties as i could fund. This deal was another bank foreclosure deal directly from the developer that went bust. The pricing was excellent
How did you find this deal and how did you negotiate it?
Property website search
How did you finance this deal?
Bank and personal
How did you add value to the deal?
delayed transfer by 1 year. Equity increase was good during this time
What was the outcome?
Got a great rental property in the same complex as a previous investment that were both cash flow positive and managed by the same property manager.
Lessons learned? Challenges?
Bought this property site unseen and while it did work out well i will avoid doing this in the future. Don't want to rely on luck, but the numbers were good enough to not let it go by.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you