The Salty Mint

[Chris M.]

Investment Info:

Condo buy & hold investment.

Purchase price: $385,000
Cash invested: $385,000

“The Salty Mint” is the ideal location for your beach vacation! Nestled in live oak trees and a quick walk across the street to the beach, the property provides a serene setting to unwind. This three-bedroom, two-bathroom condo has been completely remodeled and completely re-decorated by a professional stager.

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

Beach property has been a long time dream.

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

I'm a licensed realtor in NC, MLS.

How did you finance this deal?

Cash from an exploding market.

How did you add value to the deal?

Rehabbed the entire condo on a $45k budget.

What was the outcome?

Appraised value of $485k when completed.

Lessons learned? Challenges?

Many lessons learned. DM me to find out.

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

A have many professional service references but would rather not list them on a public forum.