Purchase of a well-renovated Condo in Boston

[Bella Butler]

Investment Info:

Other buy & hold investment in Boston.

Well renovated condo that we got under the belt before it went on market.

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

Off market, negotiated one on one without any other competitors

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

Our neighbors, all cash, no contingencies, close within 30 days

How did you finance this deal?

Cash to close and then taking out a regular loan

How did you add value to the deal?

Off-market, the sale price is quite below the market value

Lessons learned? Challenges?

Should dig more off-market deals and get the cash ready to go in this heated market.

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

Myself and my husband, both licensed and experienced