Townhome in Wilmington, NC

[Jenna M.]

Investment Info:

Townhouse buy & hold investment.

Purchase price: $312,500
Cash invested: $90,000
Sale price: $425,000

This is a home that we are now kicking ourselves for selling! We rented it as a mid-term rental & it was cash flowing over $700 a month.

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

Initially we had this home built to be a primary residence for us & later decided to rent it.

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

New construction. No negotiations. We funded it ourselves.

How did you finance this deal?

Conventional loan