condos are good investment
Investment Info:
Other buy & hold investment.
Purchase price: $100,000
Cash invested: $30,000
bought a bank owned condo and its still a good cash flow investment.
What made you interested in investing in this type of deal?
referral from a trusted source
How did you find this deal and how did you negotiate it?
from a real estate agent freind.
How did you finance this deal?
30k self and 70 k private lender.
How did you add value to the deal?
renovated bathroom and kitchen.
What was the outcome?
awesome. still have original rentor.
Lessons learned? Challenges?
awesome.keep rentor happy and keep rent slightly lower than market rate.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
yes.