Updated almost 4 years ago on . Most recent reply
Condo Buy and Hold in Dallas
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.