Updated almost 3 years ago on . Most recent reply
The Riverwalk at Loon Mountain
Investment Info:
Other other investment.
Purchase price: $127,000
Cash invested: $30,000
fractional condo at a luxury destination condo building.
What made you interested in investing in this type of deal?
ability to own for life and bring our family and friends here for years to come. There are lots of amenities and local attractions. It's close to home (2 hours drive) and has things to do in all 4 seasons
How did you find this deal and how did you negotiate it?
We stayed there as a guest. There was no negotiation, it was a fixed price.
How did you finance this deal?
conventional 30 year loan through a local bank that is exclusive to the resort
How did you add value to the deal?
none
What was the outcome?
We still own it!