Updated over 1 year ago on . Most recent reply
First one with many lessons learned
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $160,000
Cash invested: $40,000
3-2 single family.
What made you interested in investing in this type of deal?
40% below market value
How did you find this deal and how did you negotiate it?
Friend
How did you finance this deal?
Bank
How did you add value to the deal?
None
Lessons learned? Challenges?
Due diligence. I found there was loans taken out using a 3rd party that was disguised or hidden on their taxes.