My First Int'l Real Estate Deal

[Charla Crater]

Investment Info:

Small multi-family (2-4 units) wholesale investment.

HOUSE WITH RENTAL UNIT
For Sale $200K | Arraijan, Panama

Remodeled investment property that has two living quarters. Priced well below market value - you get 2 for the price of 1! Main house has 3 bedrooms, 2.5 baths, and rental unit has 2 bedrooms, 1 bath - separate entrance. Can be used as a vacation or full-time home with rental unit, to pay for the mortgage or monthly income. Approximately 350mts2 (3,767) of construction on a lot of about 600 mts2. NEED A BUYER!

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

I travel around the world and live abroad for a portion of the year, so vacation or investment property outside the US interest me.

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

I met the owners through a rental transaction during my first visit to Panama. We became close and they presented the opportunity to me.

How did you finance this deal?

I did not invest cash, I am assisting with selling the property for them.

How did you add value to the deal?

The owners are super busy and don't have time to market the property outside Panama, so I give them a broader audience of potential buyers. The sellers are very motivated and want to move on to the next project.

What was the outcome?

I just received the listing just about a week ago, so just getting started with the marketing.
The property won't last, since it's well below the market value and the sellers are motivated.

Lessons learned? Challenges?

No challenges.