Off the cuff Condo Purchase.

[Peter Stackhouse]

Investment Info:

Condo buy & hold investment.

Purchase price: $149,500
Cash invested: $3,000

Condo in St. Pete.

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

It was a good deal

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

Family Deal, very carefully.

How did you finance this deal?

Traditional Second Home Loan

How did you add value to the deal?

I was available

What was the outcome?

Yet to be determined. A little Scary.

Lessons learned? Challenges?

Go over the mortgage numbers with a fine tooth comb. Title folks and Brokers and get things wrong.

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

Brokers, Title Company, Seller.