Second long distance military deal done

[Dimitri Paspalaris]

Investment Info:

Townhouse buy & hold investment in Jacksonville.

Purchase price: $174,000
Cash invested: $53,834

Second deal done. Feels great. Time to look back and evaluate my process and tweak it for the next one.

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

Best school district in Florida and will be a good long term investment

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

Realtor pulled it for me.

How did you finance this deal?

Conventional 25% down

How did you add value to the deal?

None yet but going to redo the hardwood floors after tenant moves out

What was the outcome?

Tenant is placed, looks like she will be long term and happy with the outcome

Lessons learned? Challenges?

Be more patient, make the numbers work. Challenges: low appraisal and learning to negotiate while dealing with this.

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

Yes, please PM me if you would like them. Great team.