Updated about 2 years ago on . Most recent reply
First time home- Foundation of a multi million dollar portfolio
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $108,000
Cash invested: $108,000
Still held in long term portfolio.
What made you interested in investing in this type of deal?
First Home buying process.
How did you find this deal and how did you negotiate it?
From Builder.
How did you finance this deal?
Conventional fro builder lemder.
How did you add value to the deal?
Purchased brand new.
What was the outcome?
Negotiated with Builder to bring price down about 15000 from asking
Lessons learned? Challenges?
This first home turned into a solid foundation for multimillion dollar portfolio.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
No