First investment purchase!

[Lauren Olicker]

Investment Info:

Condo buy & hold investment.

Purchase price: $210,000
Cash invested: $21,000

2/2 condo, in a 314-unit complex. 1.7 miles from the beach, great location. Got hit with a 24k assessment 1 year after purchase, but we are still cash flowing and got the condo at a great price, as well as at 3.25% interest. Onward!

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

I rent in the community and it is all-ages, and pet friendly. Additionally, you can rent it out for a minimum of 3 months (high season in Florida), 2x per year which is very investor friendly. Location is 1.7 miles from the beach, also extremely desirable whether it is annual or short term tenants.

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

Live there, I am a REALTOR and negotiated this on behalf of my fiancé, who owns it.