St Pete Condo Buy & Hold
Investment Info:
Condo buy & hold investment in St Petersburg.
Purchase price: $209,000
Cash invested: $13,000
Purchased: 209,000
Upgrades:13,000
Update Refinanced: 290,000
Profit: 68,000
What made you interested in investing in this type of deal?
1st time home buyers
How did you find this deal and how did you negotiate it?
Randomly while looking for a place to rent
How did you finance this deal?
3%
How did you add value to the deal?
Hold & update
What was the outcome?
68,000 value increase
Lessons learned? Challenges?
Condo's association rules and finances are extremely important.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
No
