Updated over 5 years ago on . Most recent reply
Townhouse in Las Vegas
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $166,643
Las Vegas townhome - previous owners rented back from us for a year.
What made you interested in investing in this type of deal?
Building our portfolio
How did you find this deal and how did you negotiate it?
MLS - my wife is an RE agent and we actively look for great deals
How did you finance this deal?
Cash
How did you add value to the deal?
Negotiated a great price
Lessons learned? Challenges?
Previous owners were heavy in house smokers - we took a $2000 deposit for removing the smell but it ended up costing a lot more than that. We should have gotten estimates for recarpeting and painting for smoke removal - did not anticipate the high price