Investment Info:
Single-family residence buy & hold investment in New Rochelle.
Purchase price: $390,000
Cash invested: $34,000
3 BEDS/ 1 AND HALF BATH. JUST RECENTLY UPDATED THE BOILER
What made you interested in investing in this type of deal?
OUR FIRST HOME, GREAT LOCATION, CURRENTLY LIVING IN THERE. WANTED TO STOP PAYING SOMEONE ELSES MORTGAGE
How did you find this deal and how did you negotiate it?
THROUGH A REALTOR. SOME MINOR REPAIRS STILL NEEDED DONE, NEGOTIATED $30K LESS THEN ASKING PRICE.
How did you finance this deal?
CONVENTIONAL LOAN
How did you add value to the deal?
NEW BOILER, WORKING ON A NEW ROOF FOR THE HOUSE AND THE GARAGE ALSO LOOKING TO INSTALL SOLAR PANELS.
Lessons learned? Challenges?
LOOKING TO DO A RELOC TO START INVESTING OUT OF STATE
