Townhouse buy & hold investment in Scottsdale.
Purchase price: $450,000
Cash invested: $90,000
Purchased originally as primary home with the intention to turn into a long term rental.
What made you interested in investing in this type of deal?
Building long term wealth in a great area.
How did you find this deal and how did you negotiate it?
Builder had purchaser fall through last minute and needed to get it closed
How did you finance this deal?
How did you add value to the deal?
Furnished the property with high end furniture and decor to raise rents and increase income to assist with future purchase financing.
What was the outcome?
Keeping for the long haul
Lessons learned? Challenges?
Majority of renters wanted short term leases or unfurnished.
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