Updated almost 7 years ago on .
My First Investment Deal
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $1,500
Cash invested: $1,500
This was a SFH that burned down. In return bought the lot $1,500 and will develop a SFH in its place.
Due to zoning it can not be a Muli-unit due to the extra taxes, so will build SFM and later upgrade it to Multi-unit
What made you interested in investing in this type of deal?
Location in where I see future growth.
How did you find this deal and how did you negotiate it?
MLS & no negotiating. Deal was too awesome
How did you finance this deal?
Cash