Rental Property by the beach

[Kevin O'Driscoll]

Investment Info:

Condo buy & hold investment.

Purchase price: $295,000
Cash invested: $12,000

2 bed 1.5 Bath Condo 5 minutes from the Beach. 2 car garage

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

It was our primary residence for 3 years.

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

Standard realtor

How did you finance this deal?

Liquidated a savings account

How did you add value to the deal?

Added recessed lighting, ceiling fans, additional storage, landscaping

What was the outcome?

still holding

Lessons learned? Challenges?

Should have borrowed against the account rather than liquidated it.

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

Yes. Brandon Wasilewski