Ski Town Investment

[Account Closed]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $425,000
Cash invested: $100,000

Converting resident to rental in a ski/lake town. Major fixer.

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

Pre-understanding of the area/market, willingness to fix and live in an outdated and damaged home.

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

Long term friendships with local realtors

How did you finance this deal?

CPA professional mortgage

Lessons learned? Challenges?

Finding reliable contractors in small, isolated areas. Knowing where to take financial shortcuts (floors) and where to invest (fireplaces).

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

Keller Williams in BBL