Updated about 5 years ago on . Most recent reply
Found it in the newspaper -
Investment Info:
Condo buy & hold investment.
Purchase price: $87,000
Cash invested: $4,350
Great Rental property purchased on seller financing - 6% Fixed, 20 Year Term No Pre Payment Penalty
What made you interested in investing in this type of deal?
Small barrier to entry and great value on property
How did you find this deal and how did you negotiate it?
Newspaper advertisement by seller
How did you finance this deal?
Seller finance
How did you add value to the deal?
Downpayment and willingness to take the risk, property cash flow positive from Day 1
What was the outcome?
Ongoing
Lessons learned? Challenges?
Should have bought the other unit that was also available at the time
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Utilized my mentors in lending and real estate transactional professionals