Time heals all wounds!

[Curt Neider]

Investment Info:

Single-family residence buy & hold investment in Lehi.

Purchase price: $207,000
Cash invested: $1,500
Sale price: $289,000

Bought in 2007 at arguably one of the worst times. It's one of the things I love about real estate. They aren't making any more of it! Time can heal all wounds (unless you are financed wrong...)

I rented it out at a break even for a short period. Turned a small monthly profit for a while after that and cashed in at a time that worked for me. It would have a lot more equity in it now, but I am happy with the investment I rolled the equity into more.

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

$1000 deposit and then waited for 9 months of appreciation while I waited for the builder.

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

Through good connections.

How did you finance this deal?

Conventional

How did you add value to the deal?

Realtor connection

What was the outcome?

$75k+ profit

Lessons learned? Challenges?

Buy more!

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

Jimmy Rex in Utah.