First time homebuyer

[Patrick Angle]

Investment Info:

Single-family residence buy & hold investment in Raleigh.

Purchase price: $205,000
Cash invested: $30,000
Sale price: $450,000

Bought this house on market, but listed with a commercial broker who didn't even have the keys until 70 days on market. Reached out and was first in the door, with my offer being accepted after a multiple offer situation (was going to offer 185 before the other deal came in ;) )

Lived in it and fixed it up while doing so, and ultimately sold it for a large profit in this crazy market!

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

MLS

How did you finance this deal?

Savings and conventional mortgage

How did you add value to the deal?

Did most of the work myself!

What was the outcome?

Huge profit.