Updated about 5 years ago on . Most recent reply
Getting my feet wet.
Investment Info:
Condo buy & hold investment.
Purchase price: $84,000
Cash invested: $8,400
Bought lived in for 1 and 1/2 yrs rent.
What made you interested in investing in this type of deal?
I wanted to do buy and hold but I did not have enough funds to get started and I knew this property would work great for a rental.
How did you find this deal and how did you negotiate it?
On the MLS. There was no negotiation done. I was completely new to buying Real Estate and my realtor was also a new so the deal did not go well.
How did you finance this deal?
Bank financing.
Lessons learned? Challenges?
Do not buy a deal without negotiating a deal that is at or above market value.