Updated over 5 years ago on .
Condominium Real Estate Investments
Investment Info:
Single-family residence buy & hold investment in Miami.
Purchase price: $325,000
Cash invested: $325,000
Condominium rental real estate
What made you interested in investing in this type of deal?
The owner died and family desperately needed to sell
How did you find this deal and how did you negotiate it?
Through wife who is also in real estate
How did you finance this deal?
Cash
What was the outcome?
Great value with equity increase
Lessons learned? Challenges?
Assessments from management’ and lease prospects that are good tenants
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
No