Updated about 4 years ago on . Most recent reply
1st investment in South Florida
Investment Info:
Condo fix & flip investment.
Purchase price: $29,000
Cash invested: $29,000
Foreclosure property in questionable shape..remodeled ..and hold it..in one of the hottest markets there's is..South Florida..30 min drive from.Miami
What made you interested in investing in this type of deal?
Long terms.
How did you find this deal and how did you negotiate it?
Lots of waiting visiting properties had a real estate broker friend
How did you finance this deal?
Cash
How did you add value to the deal?
I put sweat equity In it ..time did its own part
What was the outcome?
Holding it till 10 x
Lessons learned? Challenges?
Timing is hugely important
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Lenders