Condo From Auction.com

[Alex Staunton]

Investment Info:

Condo buy & hold investment.

Purchase price: $107,000
Cash invested: $107,000

Purchased cash through auction.com. Kept renter that was in place for $1,300/month.

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

The Price!

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

Auction

How did you finance this deal?

Cash

How did you add value to the deal?

Increased current tenant's rent from $900 to $1300

What was the outcome?

Cash flow!