Long term investing condo

[Jason Martinez]

Investment Info:

Condo fix & flip investment.

Purchase price: $130,000
Cash invested: $50,000
Sale price: $187,000

Bought this condo for 161,000. After we sold our home in another City (dayton), we put 30% down on the condo in faster growing market that was Carson City. With the remaining funds that we had from the sale in dayton we fixed and renovated the condo to our liking. Kept it simple new cabinet color, new fixtures, new appliances, remodeled the bathrooms and kitchen. After livinging in it for 2 years we avoided capitol gains and bought our new home and started doing the same thing.

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

At the time not so much about investing it was to relocate closer to work.

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

MLS, Real estate agent

How did you finance this deal?

personal funds

How did you add value to the deal?

full rehab