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Updated 10 months ago, 01/28/2024

User Stats

10
Posts
4
Votes
Karen Bolyard
Pro Member
  • Real Estate Broker
  • North Carolina
4
Votes |
10
Posts

Just received acceptance of beach investment property offer

Karen Bolyard
Pro Member
  • Real Estate Broker
  • North Carolina
Posted

Investment Info:

Townhouse buy & hold investment.

Purchase price: $525,000
Cash invested: $157,500

Townhome across from beach, ICW and ocean views, good rental potential

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

Rental and appreciation , plus off season use

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

MLS,

How did you finance this deal?

25% down but may pay cash, weighing out tax benefits if I finance

How did you add value to the deal?

escalation clause since there were multiple offers

What was the outcome?

Won the deal

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

Yes I am a realtor

  • Karen Bolyard