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Updated about 6 years ago on . Most recent reply

E. Buck's profile image
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E. Buck
  • Member since Feb 14, 2019
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E. Buck's profile image
E. Buck's profile image
E. Buck
  • Member since Feb 14, 2019
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E. Buck
1
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Real Estate Deal Analysis & Advice

WDM - first investment property

E. Buck
Posted

Investment Info:

Single-family residence buy & hold investment in West Des Moines.

Purchase price: $116,350
Sale price: $147,500

Prairie Creek Villas: 2 bed; 1.5 bath; 1,301 sqft

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

Wanted to buy first investment property. Love the DSM area; also live abroad and wanted to get something close to home.

How did you finance this deal?

personal savings

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Matt Fisher's profile image
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Matt Fisher
  • Investor
  • from Des Moines, IA
  • Member since Sep 15, 2013
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Matt Fisher's profile image
Matt Fisher's profile image
Matt Fisher
  • Investor
  • from Des Moines, IA
  • Member since Sep 15, 2013
Connect
Matt Fisher
  • Investor
  • Des Moines, IA
49
Votes |
137
Posts
Matt Fisher
  • Investor
  • Des Moines, IA
Replied

Hi @E. Buck, welcome to BP. Is this something you just purchased to flip, or a recent sale?  Sounds like an ideal WDSM deal, if the rehab is/was minimal. 

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