Updated over 1 year ago on . Most recent reply
Investment Property 3
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $340,060
Cash invested: $68,012
Long term hold. Home includes 2 lots so potential of building other home next to it someday.
What made you interested in investing in this type of deal?
Fit buy box of A or B rated school that will appreciate over time. Growing area.
How did you find this deal and how did you negotiate it?
On MLS. Negotiated price down 10K even with a multiple offer.
How did you finance this deal?
Conventional Investment loan.
How did you add value to the deal?
Lot next door- possibly building additional home someday. Cleaned up house but didn't have to do much.
What was the outcome?
I would buy something like this again.
Lessons learned? Challenges?
The area is a little far from town and is on a big lot in the country so it targets a specific renter.
