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Updated over 1 year ago,
Closing on great investment today
Investment Info:
Condo buy & hold investment.
Purchase price: $115,000
Cash invested: $50,000
Needs only like $7-8k in repairs. ARV is $225K. Awesome 3/2 condo that rents for $1900 a month!
What made you interested in investing in this type of deal?
Great cash flow here.
How did you find this deal and how did you negotiate it?
Sent handwritten cards to 400 homeowners and they responded.
How did you finance this deal?
Took a line of credit out on an investment
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes, The Leavenworth Team.