All Forum Posts by: Michael Chang
Michael Chang has started 1 posts and replied 2 times.
Post: Recent Investor of single family residence
- Posts 2
- Votes 0
Due to market conditions only able to lease for $2000 per month. is that what you mean by your 2% rule. That is 2% of initial investment ????
Post: Recent Investor of single family residence
- Posts 2
- Votes 0
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $459,700
Cash invested: $100,000
SFR. 4 BR. 3 bath. Garage. Landscaped.
What made you interested in investing in this type of deal?
First time
How did you find this deal and how did you negotiate it?
Via Real Estate Agent
How did you finance this deal?
Mortgage Company
How did you add value to the deal?
Quick closing.
Lessons learned? Challenges?
Find Contractors before you buy...so you can rent asap.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Marta Sweicki, Royal Lepage, AOakville Ontario, Canada