1st Rental purchase (Condo)

1 Reply

Investment Info:

Other buy & hold investment.

Purchase price: $169,900
Cash invested: $48,000

Purchase of Condo unit for buy and hold rental.

What made you interested in investing in this type of deal?

Getting my foot into the game.

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

Using a local realtor who helped me find my primary residence

How did you finance this deal?

Conventional Loan and personal savings

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

Mike Howe of Knipe Realty

Updated almost 2 years ago

Deal fell through when HOA stated they were at rental cap.

 Congrats, where is it located? What type of rental income do you expect to receive from it? What are the condo association dues?  Hope it works out well for you! 

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