First DFW Rental, HML loan
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $133,000
Cash invested: $20,000
Foundation, minor roof, AC, and cosmetic
What made you interested in investing in this type of deal?
Cash flow
How did you find this deal and how did you negotiate it?
Wholesaler, bidding war
How did you finance this deal?
Hard money loan and refinance out after rehab
How did you add value to the deal?
Foundation, cosmetics, AC, and light roof
What was the outcome?
In progress
Lessons learned? Challenges?
Plan better timeline
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I am an agent. Working with Derek Altoonian of Guarantee Rate to refinance.