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Updated over 5 years ago on . Most recent reply

User Stats

20
Posts
6
Votes
David Nelson
  • Bessemer, AL
6
Votes |
20
Posts

1St Investment Property

David Nelson
  • Bessemer, AL
Posted

Investment Info:

Single-family residence fix & flip investment in Bessemer.

Purchase price: $61,500
Cash invested: $6,500
Sale price: $72,000

This was my first investment property. Originally bought as a buy and hold but ended up selling to another investor due to life circumstances. Although I did not accomplish what I set out to do, I did make a positive ROI and came out with more knowledge than any book could teach.

How did you finance this deal?

VA Loan

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