Primary Home - Condo

[Michael Pena]

Investment Info:

Condo buy & hold investment in Miami.

Purchase price: $343,000
Cash invested: $60,000

Primary home - first purchase that got me very interested in real estate as I am primarily invested in liquid assets (i.e. stocks and currencies).

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

Not paying rent and living close to work in a community ripe for growth!

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

Hard work and many searches! Negotiation was back & forth, give & take from both sides.

How did you finance this deal?

Primary loan - 15% down.

How did you add value to the deal?

Searching out for a great find!