Updated over 4 years ago on . Most recent reply
Our first Investment property! living in it and fixing it up
Investment Info:
Townhouse buy & hold investment in Deerfield Bch.
Purchase price: $116,000
Cash invested: $12,000
It's a 1 bed 2 full bath townhouse.
What made you interested in investing in this type of deal?
To purchase and rent it out and the great price.
How did you find this deal and how did you negotiate it?
I was renting it at the time. I negotiated directly with the owner.
How did you finance this deal?
5% down and a 15 year mortgage at 3.00%