Updated 3 months ago on . Most recent reply
First deal done after 3yrs of analysis paralysis.
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $165,000
Cash invested: $19,000
Single family home 3 bed 2 bath.
How did you find this deal and how did you negotiate it?
Tax Deed Sale
How did you finance this deal?
Cash purchase
How did you add value to the deal?
Full Rehab cosmetic.
What was the outcome?
Great investment.
Lessons learned? Challenges?
I've learned a lot about working with the Planning Department and the electric company to restore electricity. I also discovered that it's essential to always expect things to take longer than anticipated, cost more than expected, or both. At the end of the day I have equity in the deal, making it well worth the effort.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Worked with my Broker and mentor Jay Goyal.
