My second investment property is a townhouse in SW Casper, WY.

[Randy French]

Investment Info:

Townhouse buy & hold investment.

Purchase price: $127,000
Cash invested: $35,000

My second investment is a townhouse in SW Casper, WY.

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

I was looking for a 2nd project in the Casper area that fit the cash I had to make it work.

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

I found the deal through my realtor who was also the realtor for the seller. My realtor knew how much cash I had and he worked it out with the seller to make the deal work.

How did you finance this deal?

25% down and financed the balance through a regional bank.

How did you add value to the deal?

I completed some of the minor repairs that were needed to get the property one the market.

What was the outcome?

I completed the deal very smoothly

Lessons learned? Challenges?

Lessons learned are the second deal is less stressful than the first. The first was very personal. The second became a business deal to move me up. No challenges really.

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

I worked with my realtor, Dennis Langdon and the banker was Dave Maxner at First Interstate Bank in Casper, WY.