Updated over 4 years ago on . Most recent reply
Condo From Auction.com
Investment Info:
Condo buy & hold investment.
Purchase price: $107,000
Cash invested: $107,000
Purchased cash through auction.com. Kept renter that was in place for $1,300/month.
What made you interested in investing in this type of deal?
The Price!
How did you find this deal and how did you negotiate it?
Auction
How did you finance this deal?
Cash
How did you add value to the deal?
Increased current tenant's rent from $900 to $1300
What was the outcome?
Cash flow!