Updated over 6 years ago on .
Single family investment property, buy and hold
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $515,000
Cash invested: $180,000
Buy and hold condo unit with 2 car garage, penthouse unit with 3 balconies, high ceiling and fireplace 1 block to Bellevue Square
What made you interested in investing in this type of deal?
A foothold in the market while we were living overseas. A residence for my mother to use.
How did you find this deal and how did you negotiate it?
I look for properties that have very unusual, valuable features, such as amenities, views, locations
How did you finance this deal?
Conventional
How did you add value to the deal?
Extremely selective site selection. We will renovate before selling.
What was the outcome?
Still holding
Lessons learned? Challenges?
This time we will structure a 1031 exchange. I want to leverage or trade this property up for multi-family, multi-unit
