Great Appreciation - turned out well!

[Carl Dieckmann]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $122,000
Cash invested: $1,000
Sale price: $218,000

A great buy and hold in Henderson NV (Las Vegas). I bought at the bottom, held a few years, and 1031'ed to another investment.

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

I knew the Vegas market was down, and felt it was a great time to buy. Home to rent ratios were great.

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

My agent

How did you finance this deal?

conventional mortgage

How did you add value to the deal?

Honestly, not much. I just gained value from an under appreciated market.

What was the outcome?

Doubled my $$ in 2 years

Lessons learned? Challenges?

I would love to take credit, but I honestly won based on the huge Las Vegas housing swings in the last few years. My future investments have done well, but have involved much more analysis.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Sergio Montegrande... he's great.