First Townhouse Deal

[Christian Worrell]

Investment Info:

Townhouse buy & hold investment.

Purchase price: $500,000
Cash invested: $50,000

Bought this from wholesaler. Purchased for 500k, I brought the deal had a friend bring the cash which was roughly 50k for the down payment and rehab. Rent breaks even but we have about 250k in equity in the home. We own it 50/50 so it was a great deal for me.

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

I ran the acquisitions team of the wholesale company.

How did you finance this deal?

conventional

How did you add value to the deal?

mls