Updated 3 months ago on .
Successful +$600k exit
Investment Info:
Single-family residence buy & hold investment in Chatham.
Purchase price: $890,000
Cash invested: $180,000
Sale price: $1,490,000
Single-family residence buy & hold investment
What made you interested in investing in this type of deal?
Both as a primary home and an area I saw great appreciation potential.
How did you find this deal and how did you negotiate it?
This was on the MLS for a while and I negotiated it down $110k based on current market rates and sellers needs.
How did you finance this deal?
Personal
How did you add value to the deal?
New boiler, deck in back, fireplace, and various security upgrades.
What was the outcome?
Successful $600k exit in 4 years!
Lessons learned? Challenges?
I wish I had exit differently. The low interest rate I had from back in the Covid era should have been saved as a rental unit but I needed the capital to fund other projects.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Agents - Shelly Carey with Compass - she's wonderful!