My First Investment

[Andy Garretson]

Investment Info:

Condo buy & hold investment.

Purchase price: $235,000
Cash invested: $15,000

I bought this condo to first live in and then rent out. I ended up loving in it for 8 months and utilized an owner occupied loan again when I bought another primary residence.

How did you finance this deal?

30 Yr 5% Conventional (Owner Occupied)

How did you add value to the deal?

I saw where the market was moving and realized this property was under priced and had been overlooked on the MLS. It has appreciated around 70k in 18 months.