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Updated about 6 years ago,
Arlington Heights Residence
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $80,000
Cash invested: $10,000
Personal Residence with my girlfriend
What made you interested in investing in this type of deal?
Close to school, promising area.
How did you find this deal and how did you negotiate it?
We found it originally on Zillow, then we discussed financing options.
How did you finance this deal?
Through the bank.
How did you add value to the deal?
We have so far fixed up one bathroom, added new carpet/paint to the entire unit, fixed up the kitchen.
What was the outcome?
Currently using it to provide equity in Florida deal.
Lessons learned? Challenges?
Check into history of the HOA