Single-family residence buy & hold investment.
Purchase price: $220,000
Cash invested: $64,000
Beautiful 2 Bedroom 2.5 bath 2 car garage Condo in Warren County NJ.
What made you interested in investing in this type of deal?
I was able to assist a family friend who wanted to relocate to be closer to work and family and start my real estate investment objectives
How did you find this deal and how did you negotiate it?
On the MLS
How did you finance this deal?
How did you add value to the deal?
What was the outcome?
I was able to have a tenant approved and ready to move in the day I closed on the property.
Lessons learned? Challenges?
That I need to do a better job on using BP calculators.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Doreen Kurtz Wiechert Realtors
Megan Mcdermott Guatenteed Real estate lender
@Ken Moyer congrats! are you going to be making good cash flow on the deal?
i have always been weary of condos because of the HOA fees etc. does this one have fees that are reasonable?
Congratulations! Where in Warren County are you located?
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