All Forum Posts by: Account Closed

I am doing some selling (or trying).  I believe real estate is cyclic and it has been a seller's market for many years now.  Profit is profit.

Investment Info:

Single-family residence fix & flip investment in Park City.

Purchase price: $870,000
Cash invested: $218,000

This is my first "live in flip"

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $330,000
Cash invested: $330,000

buy and hold rental property

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

This was the only single family I could afford in my area

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

I had a realtor help me during the housing crisis.

How did you finance this deal?

traditional. Then I "house-hacked" it.

How did you add value to the deal?

time

What was the outcome?

still holding as a rental

Lessons learned? Challenges?

why didn't I buy 10 of them, ha ha!

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $330,000
Cash invested: $330,000

buy and hold rental property

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

It was first my primary residence

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

I had a realtor help me negotiate buying it during the Great Recession

How did you finance this deal?

traditional

How did you add value to the deal?

time...

What was the outcome?

long term rental, positive cash flow

Lessons learned? Challenges?

Great property and I wish I had bought 10 of them!

Investment Info:

Single-family residence buy & hold investment in Salt Lake City.

Purchase price: $63,500
Cash invested: $10,000
Sale price: $125,000

long term buy and hold rental by the University of Utah

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

I rented out of need and never looked back

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

I found it myself and an agent helped me buy it

How did you finance this deal?

traditional financing

How did you add value to the deal?

I fixed it prior to selling: new carpet, paint, counter resurfacing, new appliances

What was the outcome?

Sold

Lessons learned? Challenges?

It was impossible to sell during the recession. The property also had a fire that burned down an entire building so selling wasn't an option during legal issue debates. Once the market changed, I sold it. It was a condo that did not appreciate as much as my property in Park City but it was rented all but 2 months that I owned it. I learned that I don't want to invest in another condo again.