New to the group
Investment Info:
Single-family residence other investment.
Purchase price: $175,000
Cash invested: $175,000
It's currently a long-term rental, fully furnished with solar but I'm looking to convert it into a mid-term.
How did you find this deal and how did you negotiate it?
I purchased it in 05, and it was my residence. I've since moved and kept the home, and I've paid it off.
How did you finance this deal?
Cash
How did you add value to the deal?
I've updated 90% of the home with modern amenities.
What was the outcome?
It's been very positive.
Lessons learned? Challenges?
The long-term environment is hostile, and I want to make a change.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I'm working with a group, but they don't know I'm exploring.