First Investment Property

[Brandon Warnke]

Investment Info:

Condo buy & hold investment.

Purchase price: $164,000
Cash invested: $32,800

Bought back in 2010 with conventional financing. Paid off the note early and now have renters in place.

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

Buying was cheaper than paying rent.

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

I went straight to the selling rep and asked her if she was comfortable with dual agency so she could get max commission. 

How did you finance this deal?

Conventional financing.

How did you add value to the deal?

So far only had to upgrade bathroom and paint.