Buy and Hold--one lesson i will grow from!

[Anny Garcia]

Investment Info:

Condo buy & hold investment in Oxon Hill.

Purchase price: $672,000
Cash invested: $10,000

4 lvl townhome in National Harbor-2500 sqft. 4 Levels of HARDWOOD FLOORS. ALL bathrooms upgraded granite & tile. Gourmet kitchen w/granite and SS appliances, Built ins, Rooftop terrace w/double sided fireplace to enjoy Fabulous water views of the Potomac River ,Wet bar wine fridge and dishwasher on Rooftop level with over sized bedroom and full bath. Master bath upgraded, tiles extend up the wall surrounding seamless glass shower and a Spa Bath tub. Huge customized closets. Upgraded fixtures and cabinets throughout. Over sized 2 car garage w/ driveway parking. Open Floor Plan concept larger than current new construction offers. State of the art video monitoring alarm system w/ remote access garage, thermostat and lights. This home is LOADED with UPGRADES. NEW front load washer/dryer. Enjoy all National Harbor has to offer...Restaurant Row, Shops,Entertainment, MGM, The Gaylord National Resort& Conference Center. Conveniently located 10 minutes from DC, Old Town Alexandria, Reagan National Airport, AMAZONS future HQ2, Pentagon.

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

it was a primary residence with the intention to rent and hold

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

at that time thru an agent

How did you finance this deal?

VA loan

How did you add value to the deal?

Added modern features/paint

What was the outcome?

Sold it and broke even-we were competing with the builder who was providing deep discounts on newer models.

Lessons learned? Challenges?

learned a good lesson on this one: In the future don't make a permanent decision based on temporary situation.

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

Yes I worked with agents--and no, I do not have their names.