Blue sapphire / first rental

[Nick Benedick]

Investment Info:

Townhouse buy & hold investment.

Purchase price: $442,000
Cash invested: $88,400

3bed 2.5 bath townhome in up and coming area. Lots of growth over last few years. Purchased new from builder and was able to design interior.

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

Long term buy and hold for a equity position over time

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

I watched the development since it started, I represented myself as owner occupant

How did you finance this deal?

20% down conventional

How did you add value to the deal?

It was a new build, I designed interior

What was the outcome?

Still own