2/2 Condo in the beautiful Okanagan Valley

[Tyson Head]

Investment Info:

Other buy & hold investment.

Purchase price: $171,300
Cash invested: $171,300

Purchased a 1200 Sq' 2/2 condo to live in. First home purchase.

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

Need a place to live, ended up moving and renting it out.

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

I was working as an electrician at the time and building the units, No real negotiations

How did you finance this deal?

Home equity line of credit

How did you add value to the deal?

Didn't, just appreciation

What was the outcome?

Worked my buns off to pay off the HELOC as fast as I could not it rents out for $1250 per month.

Lessons learned? Challenges?

Way easier to have someone else pay my bills for me.

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

Just the listen agent.