Real Estate Property Post

[Justin Dees]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $180,000
Cash invested: $40,000
Sale price: $290,000

First investment rental property located in Elkins Lake Subdivision in Huntsville, Tx!

What made you interested in investing in this type of deal?

Price & location

How did you find this deal and how did you negotiate it?

Off-Market deal sent to me by a wholesaler friend

How did you finance this deal?

Hard Money Loan- DSCR

How did you add value to the deal?

With $40k rehab budget

What was the outcome?

Currently great rental property

Lessons learned? Challenges?

Have good general contractor for rehab/construction. Meeting deadlines during rehab process.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Making sure the investor has a good team surrounding them is critical for investing success. Having a trusted realtor, lender, inspector, general contractor, etc. is so important:)