My Frst Investment Property in the Making

[Nicholas Whelpley]

Investment Info:

Condo other investment.

Purchase price: $140,000
Cash invested: $20,000

This was my first home that I purchased back in 2021 when interest rates were still low and competitive. I am very fortunate to say that I can generator about $800 pure cashflow from this investment.

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

Zillow

How did you finance this deal?

Convential financing

How did you add value to the deal?

New flooring, new paint, new appliances (Still needs a good toilet)

What was the outcome?

greater increased equity and since holding rents have increased greatly.