Updated about 3 years ago on .
Fix/hold to LTR
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $125,000
Cash invested: $15,000
Sale price: $225,000
Purchased to fix and hold. We lived in it during rehab. Used that equity to purchase another home and rented this home.
What made you interested in investing in this type of deal?
Wanted to get into that particular market.
How did you find this deal and how did you negotiate it?
Local advertisements. Marketed as an all cash deal
How did you finance this deal?
All cash deal
How did you add value to the deal?
Rehabbed it
What was the outcome?
Used it to finance another house & rented this out
Lessons learned? Challenges?
Challenge was dealing with renters.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
NO