Updated over 4 years ago on . Most recent reply
This is my second deal
Investment Info:
Condo buy & hold investment in Palm Desert.
Purchase price: $285,000
Cash invested: $15,000
This was my second deal and my first condo.
What made you interested in investing in this type of deal?
I wanted to find a second home so that I could use my single family property as a long term rental.
How did you find this deal and how did you negotiate it?
I found this deal on Zillow and sent it to my agent. This was purchased during the craziness of the pandemic market. I paid over ask to secure the property.
How did you finance this deal?
I used a conventional 5 percent loan on this deal.
How did you add value to the deal?
I am doing a kitchen remodel.
What was the outcome?
To be determined.
Lessons learned? Challenges?
Cash reserves!!
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Darren Kuhn DRE #02111792
Keller Williams Luxury Homes 760-459-4556