Condo Buy and Hold in Dallas

[Nick Brown]

Investment Info:

Condo buy & hold investment in Dallas.

Purchase price: $140,000
Cash invested: $140,000

Bought 2 condo side by side. ($70k each) They had been flipped so everything completely swapped. except aircon and electrics. Renting for $890 each a month.

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

Cash Flow

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

MLS, negotiated it down by $8k each apartment

How did you finance this deal?

Self Directed IRA

How did you add value to the deal?

None needed as they were flips

What was the outcome?

Earning $390 FCF per month

Lessons learned? Challenges?

Buying a flip that's done can still be a good cash flow earner.

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

I am a real estate agent.