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Updated about 4 years ago,
First condo purchase
Investment Info:
Condo buy & hold investment in Arlington Heights.
Purchase price: $98,000
Cash invested: $2,000
Large 1 bedroom condo near Metra in Arlington Heights. Property was in decent condition, rented for 1 year, then added granite countertop, subway tile backsplash, dishwasher. Has been rented without vacancy since.
What made you interested in investing in this type of deal?
I was looking for cash flow, I knew the location was great and the condo was perfect for renting.