Updated over 2 years ago on . Most recent reply
Project 1: Buy and Hold turned Flip
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $220,000
Cash invested: $36,000
Sale price: $325,000
Updated and rented one year. Made remainder of updates and sold for a 19% ROI.
What made you interested in investing in this type of deal?
The property was solid only needing cosmetic updates. It was an ideal first investment property.
How did you find this deal and how did you negotiate it?
MLS listing
How did you finance this deal?
Conventional
Lessons learned? Challenges?
This is the one that taught me not to use my own money.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes, ME! haha.