Investment Info on my first property

[Chris Randle]

Investment Info:

Other buy & hold investment in Bluffdale.

Purchase price: $188,000
Cash invested: $30,000

This is the first home I ever owned. I townhouse in a developing area. I used this property my primary residence when I initially made the purchase. Over the 5 year spend it has appreciated over 60%. I am putting it on the market. Taking Half the proceeds and using it towards a investment property.

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

The location. It's in a new part of city, near the freeways, high schools and trails. A development its taking place not to far away that has helped with the appreciation of our property.

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

Not much negotiation because it was a new build.

How did you finance this deal?

Conventional Loan.

How did you add value to the deal?

Added Value just by living there.

What was the outcome?

I should come out on top with 200% x my initial investment.

Lessons learned? Challenges?

What goes on in the decision making behind wanting to sell a property or rent it out.

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

Work with me!! I'll get you right.