Investment Info:
Townhouse note investment investment.
Purchase price: $150,000
Cash invested: $60,000
Cute 900 sq feet townhome located in Durham NC, rented for $1250/month
What made you interested in investing in this type of deal?
The opportunity came up from a client
How did you find this deal and how did you negotiate it?
My current buyer client need it to sake this condo in order to purchase her next home. I was the selling agent for her next home as well.
How did you finance this deal?
$60,000 cash down payment the remaining balance through a conventional loan
How did you add value to the deal?
No value added
What was the outcome?
I am keeping the renters for another year.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I am a real estate agent.
