Updated over 4 years ago on . Most recent reply
Condo as Rental Property
Investment Info:
Condo buy & hold investment in Grand Prairie.
Purchase price: $125,000
2 bed 2 bath, rents for $1,350/month
What made you interested in investing in this type of deal?
I liked the fact the the condo was close to the airport as I have a lot of connections with flight attendants
How did you find this deal and how did you negotiate it?
Found it in the MLS, offered asking price with a loan pre-approval letter to get it, since it was a seller's market then.
How did you finance this deal?
Conventional loan, 25% down
How did you add value to the deal?
Changed all the appliances and light fixtures