Updated over 5 years ago on . Most recent reply
1st cash-flow property
Investment Info:
Condo buy & hold investment in Atlanta.
Purchase price: $144,000
Cash invested: $2,000
Jamal's first income property (a 2bd/2ba luxury loft) is located directly on the Atlanta Beltline (the city's largest and most comprehensive urban development project).
Jamal purchased the property in mid-2012, lived there for 1 year, then, he rented the unit out for a positive cash-flow/income.
What made you interested in investing in this type of deal?
I knew it was going to be a strong rental due to location and the popular "loft" style.
How did you find this deal and how did you negotiate it?
Found it through a friend.
How did you finance this deal?
BofA Mortgage