1st property purchase and hold so far
Investment Info:
Small multi-family (2-4 units) fix & flip investment.
Purchase price: $35,000
Cash invested: $35,000
bought cash and have not yet made the leap to complete and resell or rent
What made you interested in investing in this type of deal?
hometown and available private deal
How did you find this deal and how did you negotiate it?
inquired with owner as to their intent with a repo'd property
How did you finance this deal?
cash
How did you add value to the deal?
gutted but haven't able to finance for re-model
What was the outcome?
stagnant at this time
Lessons learned? Challenges?
Education in financing options is needed prior to purchase although holding to hasn't hurt yet...
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
no