Expanding my Real Estate Portfolio

[Ben Ratner]

Investment Info:

Condo buy & hold investment.

Purchase price: $165,000
Cash invested: $42,000

Purchased the property with 25% down to expand my investment portfolio. I was able to find this off market to secure a better price before additional realtor fees, closing expenses, and competition.

What made you interested in investing in this type of deal?

Easy transaction and I knew exactly what to expect.

How did you find this deal and how did you negotiate it?

I found off-market through a neighbor. I showed them the comparable properties and explained how not listing saves fees, time, energy, and I bought as-is with no inspection since I knew almost everything about it.

How did you finance this deal?

25% conventional financing

What was the outcome?

I have gained equity and been able to rent for monthly cash flow

Lessons learned? Challenges?

Trying to negotiate a better price from the beginning. I do not want to take advantage of people but also trying to find the balance of what is best for me.