long term investment rental (condo)

[Daniel REid]

Investment Info:

Condo buy & hold investment.

Purchase price: $75,000

long term rental

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

Newburgh has been a gentrification "hot spot" for many years

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

Prior owner needed funds and I bought at a discount for cash

How did you finance this deal?

cash

How did you add value to the deal?

WAs able to make a fast close. Prior owner was able ts receive funds in lett than 30 days

What was the outcome?

Holding and renting property

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

no