Condo Unit in Medford NY

[Joseph Kanner]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $155,000
Cash invested: $2,500

Single Bdroom Condo Unit.

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

Live in the development and property price was below average value.Needed upgraded electric box, bathroom vanity, toilet, new washer and dryer and painting. Four yr old AC/furnace.

How did you finance this deal?

Cash

How did you add value to the deal?

I upgraded electric box, bathroom vanity, toilet, new washer and dryer and painting.

Lessons learned? Challenges?

To have a top price that you are willing to pay and to be willing to walk away from deal if necessary. No deal is better than a bad deal.