First investment, a success story.

[Brian Cole]

Investment Info:

Single-family residence buy & hold investment in Pensacola.

Purchase price: $62,000
Cash invested: $8,000
Sale price: $160,000

Small townhome in a higher end suburban neighborhood.

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

Location and cost were the two driving factors, sales prices for townhomes were significantly less than single family homes.

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

Had a fantastic realtor who I still use to this day bring me the deal. She handled the negotiation with the selling agent.

How did you finance this deal?

FHA loan, refinanced into a conventional after 3 years.

How did you add value to the deal?

Basic remodel. Installed two sets of double french doors where two outdated sliding doors were. Paint and carpet.

What was the outcome?

After renting the property for a few years and with the rise in the market prices I decided to sell. Sold for $160,000.