Single-family residence other investment.
Purchase price: $139,450
Cash invested: $20,000
Sale price: $191,500
1st Flip - Purchased a foreclosure before getting into real estate. Learned about investing in real estate and flipped the house we were living in. Many lessons learned. Complete renovation took about 2 months to complete.
What made you interested in investing in this type of deal?
First deal we could do!
How did you find this deal and how did you negotiate it?
Was living in it at the time we starting learning real estate investment.
How did you finance this deal?
Rolled 401K into self directed IRA and inheritance
How did you add value to the deal?
Lessons learned? Challenges?
Never live in a reno! Pick and chose the extra touches. They add up quickly and may not add value.
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