Downtown Vancouver Rental

[Tedi Hodson]

Investment Info:

Single-family residence buy & hold investment in Vancouver.

Purchase price: $185,000
Cash invested: $10,000

Currently a rental

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

Speculating on pier opening and value going up

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

My realtor Dawn put out a mailer for me in a specific area.

How did you finance this deal?

1031 exchange to a conventional loan

How did you add value to the deal?

Time and patience

What was the outcome?

Almost doubled in value, plus I pulled equity to buy a flip😊

Lessons learned? Challenges?

Kept same renters under rent, but I spend no money on this property

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

Dawn Workman