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Updated 22 days ago on .

My first purchase
Investment Info:
Condo buy & hold investment.
Purchase price: $225,000
Cash invested: $45,000
2 Br 1.5 Ba, lived in for 2 years then rented out in 2018, still have the same tenant as of now 5/2025
What made you interested in investing in this type of deal?
I needed a place to live and it started the bug of real estate investing
How did you find this deal and how did you negotiate it?
Through a conventional agent with a 20% down 30 year mortgage
How did you finance this deal?
20% down personal cash, finance the rest
How did you add value to the deal?
I keep every property up to date like my own home, and in this one time. Have only needed to replace a navien water heater and fix a toilet.
What was the outcome?
Still holding onto it
Lessons learned? Challenges?
Hurry up and wait, tough lesson to learn