Rental condo in good area.

[James A Redmond]

Investment Info:

Condo buy & hold investment.

Purchase price: $80,000
Cash invested: $38,000

condo rental

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

didn't have to rehab it just get it cleaned up and ready to rent.

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

real estate agent

How did you finance this deal?

commercial loan

How did you add value to the deal?

repaired a couple appliances and had carpet cleaned.

What was the outcome?

positive cash flow.

Lessons learned? Challenges?

wish I'd done this before.