Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

3
Posts
0
Votes
Erik Benitez
  • Rental Property Investor
  • West Palm Beach, FL
0
Votes |
3
Posts

First time investor and first property aquired!

Erik Benitez
  • Rental Property Investor
  • West Palm Beach, FL
Posted

Investment Info:

Condo buy & hold investment.

Purchase price: $215,000
Cash invested: $60,000

A 2 Bed 2 Bath Condo in the heart of West Palm Beach, FL.

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

We are looking for long-term rental properties or university housing. (We are very close to Palm Beach Atlantic University)

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

MLS. On the first day on the market we sent an offer in with our real estate agent offering 15K over asking.

How did you finance this deal?

Standard financing with 20% down.

How did you add value to the deal?

Still in the works but we are going to do a fresh coat of paint, remove the popcorn ceiling, update ceiling fans and service the HVAC system.

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

The Albert Team is who helped us get this property!

Loading replies...