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Real Estate Deal Analysis & Advice

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David Thompson
Pro Member
  • Investor
  • Harrison, AR
10
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42
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2 Bed 2 Bath Condo in Branson MO ZERO down!

David Thompson
Pro Member
  • Investor
  • Harrison, AR
Posted Jan 25 2020, 07:19

Investment Info:

Other buy & hold investment.

Purchase price: $86,000
Cash invested: $1

This was my first Condo to buy for nightly rental! I used 2 vehicles I owned as collateral for the down payment. After the first year I refinanced the condo to get my titles back from the bank and pulled enough money out to buy a Larger 3 bed Condo.

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

MLS

How did you add value to the deal?

The property came fully furnished. The Couple that owned it before me used as a vacation home. All we did was add a few decorations and update the bedding and listed it to airbnb!