Updated almost 4 years ago on . Most recent reply
Looking for Hard Money
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $250,000
Cash invested: $125,000
Sale price: $1,000,000
Turning a 80 space trailer park into RV Park. 4 miles from downtown Tulsa. 14 acres.
What made you interested in investing in this type of deal?
Continuous income
How did you find this deal and how did you negotiate it?
I located it, looked up seller, made offer, purchased it.
How did you finance this deal?
Invested my money to purchase.
How did you add value to the deal?
Experience and knowledge, i will complete all repairs myself.
What was the outcome?
Great deal
Lessons learned? Challenges?
I have learned my lessons from being a contractor for 40 years.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Title company to complete transaction