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Updated over 2 years ago,
Village Lane Condo Investment
Investment Info:
Condo buy & hold investment.
Purchase price: $415,000
Cash invested: $105,000
Currently Residing in, Multiple Units in development to create Cash Flow.
What made you interested in investing in this type of deal?
Monthly Cash Flow
How did you find this deal and how did you negotiate it?
Found Deal on MLS. DOM over 90, negotiated using DOM And CMA's prior to market spike.
How did you finance this deal?
Conventional
How did you add value to the deal?
1 Owner, Original List $478,000, Then dropped 10K Within a week. Other's Listed higher, went into deal @ 50K positive from start
What was the outcome?
Closed, Reno'ed
Lessons learned? Challenges?
Time with Reno, supply constraints
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Myself as agent.