My first investment purchase

[Richard Xyminies]

Investment Info:

Condo buy & hold investment in Morehead City.

Purchase price: $65,900
Cash invested: $16,000

I bought this deal and spent about $5500 and thought I had made a huge mistake but it brought the value I was not expecting to receive.

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

On the MLS

How did you finance this deal?

Conventional Bank

How did you add value to the deal?

Did a bunch of cosmetic work that added a ton of value.

What was the outcome?

A greater return.

Lessons learned? Challenges?

I thought I was spending too much money doing cosmetics but it was worth every dime I spent.