First off market deal

[Sherrie Malais]

Investment Info:

Townhouse buy & hold investment in Trenton.

Purchase price: $900,000
Cash invested: $32,000

My first off market and 1031 deal, sold 2 townhouses for 3 townhouses, added $32000. They are not on Trenton. Outside BYU of Idaho.

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

Interest rates are higher so using current equity to add a door.

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

I was offered to join an off market deal.

How did you finance this deal?

1031 exchange

How did you add value to the deal?

Asked Contractor to tile bathrooms.

What was the outcome?

Still in motion, we will see.

Lessons learned? Challenges?

Interest rates.

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

Anderson and Hicks in Idaho Falls, Idaho. Steve Anderson Real Estate Agent.