Client looking for Primary Residence/Invest Property

[Weston Holloway]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $181,000
Cash invested: $40,000
Sale price: $265,000

I assisted a client in finding a property that would be both a suitable primary residence for him, and also a home that he can add value to potentially sell for a profit.

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

I found this deal after searching for several weeks and brought it to my client.

How did you finance this deal?

Conventional Loan

How did you add value to the deal?

I was able to find a property that had potential to add value, and also negotiated the purchase price down for my buyer.

What was the outcome?

My client was able to sell and net roughly $50,000 tax free off the sale of the property after living in it for 2 years.

Lessons learned? Challenges?

Always look for hidden value in a property that others may not see.