SFR buy, hold and sell.
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $90,000
Cash invested: $1
Sale price: $190,000
off market, non arms length
What made you interested in investing in this type of deal?
no money down
How did you find this deal and how did you negotiate it?
did an appraisal for an owner on another property and he stated he was trying to sell this one
How did you finance this deal?
Bank 70k owner 20k
How did you add value to the deal?
didn't
What was the outcome?
made 100k
Lessons learned? Challenges?
take action
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
no