My first house flip

[John Buchanan]

Many years ago during the real estate boom I went out on a limb and purchased a home in rural SC. The home was a good deal based on comps but needed a lot of cosmetic help. In a 2 1/2 month time frame I put a lot of sweat equity and time into the project. I sub'd out the things I could not do and did most of the things I could do. After putting the home on the market it sold for the asking price within a month. I was elated. The entire process was enjoyable, even the sweat equity part. I was instantly hooked on all aspects of investing at that point such as finding new properties, looking at comps, negotiating deals, going to auctions and project managing the restoration.