Hold and flip turned rental

[Daniel T peterson]

Investment Info:

Single-family residence buy & hold investment in St Paul Park.

Purchase price: $100,000
Cash invested: $80,000
Sale price: $215,000

Home purchased right before the market down turn. Had some up and downs but was cash flowing nicely for a long time.

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

Purchased from family with quick flip in mind. Down turn created a value issue

Lessons learned? Challenges?

Have a contractor doing the work to remodel don’t over do the upgrades do better up front planning watch the market

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

Michelle Alm was our realtor and did a fantastic job