First investment purchase
Investment Info:
Single-family residence buy & hold investment in Atlanta.
Purchase price: $123,000
I bought my first home when I was 22, great location, great price, and will be turning it back into a rental next year.
What made you interested in investing in this type of deal?
The location and the price, homes in this neighborhood only stay on the market for an avg of 2 weeks, so I knew that this area would continue to appreciate in value and I currently have over 50k in equity on the home.
How did you find this deal and how did you negotiate it?
Suprisingly, zillow.
How did you finance this deal?
Mortgage.
How did you add value to the deal?
Still working on this.