Updated over 1 year ago on .
First Step into Real Estate Investing
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $137,000
Cash invested: $42,000
Sale price: $385,000
This was a single-family home that was completely gutted and remodeled.
What made you interested in investing in this type of deal?
My interest in this investment came as a result of wanting to learn more about fix & flip vs. rental properties. It was a minimal risk since I partnered with 3 other people.
How did you find this deal and how did you negotiate it?
The deal was presented to me as a potential partnership.
How did you finance this deal?
HELOC
How did you add value to the deal?
Helped to ensure the note was paid during the renovation.