1st Condo investment

[Jorge J Gonzalez]

Investment Info:

Single-family residence buy & hold investment in Raleigh.

Purchase price: $60,000
Cash invested: $15,000

Two bedroom 1.5 condo

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

Off market deal

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

Real estate agent brought it to my attention

How did you finance this deal?

HELOC

How did you add value to the deal?

new bathrooms, paint carpets cleaned, ducts cleaned, professionally cleaned and new windows.

What was the outcome?

Rented

Lessons learned? Challenges?

Get all contractors lined up all at once.

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

Corey Roark
Jeff Roark