Live in Flip while learning new area

[Josh Williams]

Investment Info:

Single-family residence other investment.

Purchase price: $355,000
Cash invested: $10,000
Sale price: $393,000

Live in flip. Installed new flooring, painted the whole house and changed out light fixtures and updated the counters.

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

I could have rented an apartment when I moved to Knoxville but decided to invest in a single family residence and live there while I fixed it up and learned the area.

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

FHA Mortgage

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

Josh Williams- Realtor. https://www.facebook.com/JoshWilliamsRealEstate

[Steven Foster Wilson]

@Josh Williams Congrats on the new property! My wife and I did something similar with a duplex on the OSU campus in Columbus OH. One lesson I learned is to not to redo the bathroom without an extra one! My wife ended up getting a UTI from not being able to use the bathroom!