52 Wild Dunes Way Property

[Tyler Fournier]

Investment Info:

Single-family residence buy & hold investment in Old Orchard Beach.

Purchase price: $280,000
Cash invested: $15,000

Condo located close to the beach on a golf course. 3 Bedrooms and 3 bathroom.

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

I originally walked through one of these condos as a potential place for myself. Close to the beach, located on the golf course, condo unit is spacious

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

I wrote a handful of owners within the complex to the particular units I would be interested in living in. I emailed back and forth with a couple of the owners. This particular unit the gentlemen passed away a month before. His nephew that lived out of state was selling.

How did you finance this deal?

I financed this deal as a conventional 5% down primary residence.

How did you add value to the deal?

The only thing I have done so far is repaint the entire property. I do plan on redoing the kitchen and all the bathrooms.

What was the outcome?

Looks great!