Updated over 7 years ago on . Most recent reply
Invested in first property
Investment Info:
Single-family residence hard money loan investment in North Port.
Purchase price: $84,000
Cash invested: $3,000
Sale price: $108,000
2/1 carport home
997 sq ft.
What made you interested in investing in this type of deal?
Did a lot of reading, watched lots of the podcasts and was learning to find the value of properties.
How did you find this deal and how did you negotiate it?
Came in an email and sent hubby the info and ran the numbers. We were hoping to buy for a bit less but it did work out.
How did you finance this deal?
Hard lender at 24%
What was the outcome?
Sold it and walked away with some money
Lessons learned? Challenges?
Need to work with a different lender
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
We did work with an agent and she was phenomenal. Unfortunately she relocated.