Investment Info:
Townhouse buy & hold investment in West Palm Bch.
Purchase price: $154,000
Cash invested: $10,000
Sale price: $255,000
Town House
3X2
In a Gated Community, With An Hoa!
What made you interested in investing in this type of deal?
This Was my First Investment Property, Luckily I Came across a Family Friend who was like a Uncle that showed me how important it was to invest in Real Estate.
How did you find this deal and how did you negotiate it?
I used a realtor to find this deal at the time. I paid 6 K above Appraised value at the time.
How did you finance this deal?
I used a FHA Mortgage to Financed the deal.
How did you add value to the deal?
I add Value to this deal by upgrading the Bathrooms, and upgrading the Patio, I also did a nice job on the Land Scaping!
What was the outcome?
The Outcome was Awesome. Walked away with over 90K
Lessons learned? Challenges?
Lesson Learned is, Get Started. Work with people who are expert in the field. You will make mistakes along the journey however, don't let that stop you keep pushing the reward will outweighs the speed bumps.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes
