Lake Elsinore Buy & Hold
Investment Info:
Single-family residence buy & hold investment in Lake Elsinore.
Purchase price: $369,500
Cash invested: $25,000
What made you interested in investing in this type of deal?
I saw potential outside of Los Angeles county, pricing points in Lake Elsinore made a lot of sense at the time in comparison to expensive southern California markets.
How did you find this deal and how did you negotiate it?
My sister bought a house in 2012 directly from the builder. I decided to put down my name on the waiting list, a couple of days later they called me with an available lot.
How did you finance this deal?
10% Conventional (401k loan)
