Updated about 3 years ago on . Most recent reply
Bought my first home in 2020
Investment Info:
Condo buy & hold investment.
Purchase price: $272,000
Cash invested: $14,000
Purchased as a house hack and has been going great!
What made you interested in investing in this type of deal?
After finding and listening to as many episodes as possible of bigger pockets it only took me another 6 months to purchase my first home as a primary.
How did you find this deal and how did you negotiate it?
MLS. It sat on the market for 20+ days so I used that to my advantage, I got the seller to pay 3k in closing costs
How did you finance this deal?
FHA
How did you add value to the deal?
Re done the backyard, added some tenants
What was the outcome?
Primary home!
Lessons learned? Challenges?
Storage is a must in a primary home & to be a bit more selfish instead of considering other people’s opinions
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Absolutely! Michelle Newman