Updated over 6 years ago on .
My First Investment...
Investment Info:
Single-family residence buy & hold investment in Glen Burnie.
Purchase price: $204,000
Cash invested: $6,000
2 BR, 1.5 BA Townhouse with finished basement and 2 car garage. Large walk-in closet. Full kitchen with breakfast nook, spacious deck, and off-street parking. Built in 2000, 1,280 square feet.
What made you interested in investing in this type of deal?
I lived in this townhouse from 2014 to 2018
How did you find this deal and how did you negotiate it?
Via MLS...used as a primary residence prior to renting
How did you finance this deal?
Bank/mortgage
How did you add value to the deal?
Made minor cosmetic repairs: new garage door opener, upgrade to furnace, replaced outdoor plumbing system
Lessons learned? Challenges?
First time owning a home--advantage was living in it for four years prior to renting it