Primary Residence near Promenade 2035

[Robert Johnson]

Investment Info:

Townhouse buy & hold investment.

Purchase price: $280,000
Cash invested: $14,450

This unit was purchased as a trust sale, and has since been remodeled, we currently occupy the unit. The unit has recently appraised for $605,000.

What made you interested in investing in this type of deal?

Buying a home in West hills would hold its value.

How did you find this deal and how did you negotiate it?

It was a trust sale on the MLS and I new the listing agent. I was able to get my closing cost paid for.

How did you finance this deal?

5% down conventional.

How did you add value to the deal?

Added laminate wood flooring throughout most of the house except for the bedrooms. Removed all the wall paper and painted the entire house, remodeled the kitchen and updated various places of the house.

What was the outcome?

An increased of over 300k in equity

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I represented myself in the transaction.