Getting my feet wet.

[Richard Xyminies]

Investment Info:

Condo buy & hold investment.

Purchase price: $84,000
Cash invested: $8,400

Bought lived in for 1 and 1/2 yrs rent.

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

I wanted to do buy and hold but I did not have enough funds to get started and I knew this property would work great for a rental.

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

On the MLS. There was no negotiation done. I was completely new to buying Real Estate and my realtor was also a new so the deal did not go well.

How did you finance this deal?

Bank financing.

Lessons learned? Challenges?

Do not buy a deal without negotiating a deal that is at or above market value.