St Pete Condo Buy & Hold
2 Replies
Joshua Daly
Lender from St Petersburg Pinellas Florida, USA
posted about 1 month ago
Investment Info:
Condo buy & hold investment in St Petersburg.
Purchase price: $209,000
Cash invested: $13,000
Purchased: 209,000
Upgrades:13,000
Update Refinanced: 290,000
Profit: 68,000
What made you interested in investing in this type of deal?
1st time home buyers
How did you find this deal and how did you negotiate it?
Randomly while looking for a place to rent
How did you finance this deal?
3%
How did you add value to the deal?
Hold & update
What was the outcome?
68,000 value increase
Lessons learned? Challenges?
Condo's association rules and finances are extremely important.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
No
Alex J. McGathey
Real Estate Agent from St. Petersburg, FL
replied about 1 month ago
Nice work!! Where in St. Pete is this? I am in Treasure Island
Joshua Daly
Lender from St Petersburg Pinellas Florida, USA
replied about 1 month ago
Zip 33711 by the skyway
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