Cincinnati Condo Buy and Hold

[Franklin Ruffin II]

Investment Info:

Condo buy & hold investment.

Purchase price: $72,000
Cash invested: $5,000

2/1 947sqft

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

Primary home purchase due to high rental cost and low condo sales price.

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

Zillow, negotiated via seller's realtor.

How did you finance this deal?

Conventional loan

How did you add value to the deal?

n/a

What was the outcome?

Lived there for 1 year, rented the property via property manager. 10yr appraised value is 130,000, property paid off and being leveraged for multi-family home purchase using HELOC.

Lessons learned? Challenges?

n/a

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

n/a