Investment Info:
Condo buy & hold investment in Columbus.
Purchase price: $74,000
Cash invested: $25,000
Bought a property to Rehab and rent.
What made you interested in investing in this type of deal?
Good value in a decent neighborhood
How did you find this deal and how did you negotiate it?
MLS listing through agent
How did you finance this deal?
25% down cash and rest through line of credit from another property
How did you add value to the deal?
Updated kitchen, repainted walls, updated vanities, bathroom floors, kitchen floors, updated windows, and re-stained the patio
What was the outcome?
It rented right away and been on rent
Lessons learned? Challenges?
Rehab gets more money
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
none
