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Updated about 2 years ago on . Most recent reply
First Deal SFH
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $178,500
Sale price: $221,200
Right out of college, I bought this SFH with bank financing using my salary.
How did you find this deal and how did you negotiate it?
Found this deal on MLS with a real estate agent from my college alumni network. Negotiated from $230k seller's asking price to $178.5k purchase price, a $51,500 discount.
How did you finance this deal?
Bank financing with Wells Fargo.
How did you add value to the deal?
Crawl space upgrades. In-law Suite upgrades.
Most Popular Reply
#3 Private Lending & Conventional Mortgage Advice Contributor
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#3 Private Lending & Conventional Mortgage Advice Contributor
- Lender
- Austin, TX
Quote from @Charlotte Dunford:
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $178,500
Sale price: $221,200
Right out of college, I bought this SFH with bank financing using my salary.
How did you find this deal and how did you negotiate it?
Found this deal on MLS with a real estate agent from my college alumni network. Negotiated from $230k seller's asking price to $178.5k purchase price, a $51,500 discount.
How did you finance this deal?
Bank financing with Wells Fargo.
How did you add value to the deal?
Crawl space upgrades. In-law Suite upgrades.
Congrats, great negotiating!