Condo rental in Milwaukee

[Ivan Chen]

Investment Info:

Single-family residence buy & hold investment in Milwaukee.

Purchase price: $290,000
Cash invested: $310,000

Bought it to live in, but then decided to move. Now it is generating about 1% CoCRoi

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

Condo to live in

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

Bought as an as is condition, rehab it

How did you finance this deal?

Cash

How did you add value to the deal?

New wood floor, granite counter top, stainless steel appliance

What was the outcome?

Unit appreciate about 15% over 8 years of ownership

Lessons learned? Challenges?

It is hard to not use the cash flow to invest into another property

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

No