Updated over 6 years ago on .
1200 sq ft 2 bed 1.5 bath townhouse adjacent to U of D
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $168,000
Great pocket neighborhood.
What made you interested in investing in this type of deal?
Was previously my primary residence. The day I was going to put on the market I decided to see what was involved with renting. 2 weeks later I had a rental permit and a signed lease.
How did you finance this deal?
Traditional FHA
How did you add value to the deal?
With a construction background I have been able to tackle most repairs myself. I have replaced that hot water heater and the bathtub plumbing.
Lessons learned? Challenges?
Owning a condo has pluses and minuses.