10648 Pleasant Hill El Paso tx 79924
Investment Info:
Single-family residence hard money loan investment.
Purchase price: $98,000
Cash invested: $8,000
Sale price: $142,000
My first investment property. I learned so much and taught myself everything hands on with no previous experience but I would do it all over again. I really enjoyed it.
What made you interested in investing in this type of deal?
I would watch the show flip or flop and I decided I wanted to try it.
How did you find this deal and how did you negotiate it?
It was a foreclosure
How did you finance this deal?
Hard Money loan
How did you add value to the deal?
I brainstormed the whole project and it was just me and my handyman that completed it.
What was the outcome?
It was great. Made a profit and learned so much
Lessons learned? Challenges?
I learned how to choose paint, flooring, fixtures and transform a pool from completely black to sparkling blue.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I am a realtor so I used myself