First successful investment property

[Darius K. Allison]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $267,000
Cash invested: $10,000

Currently being used as a rental property. Looking to sell very soon

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

A friend of mine introduced me to real estate + it was a short sale.

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

My mentor was also my attorney

How did you finance this deal?

Hard money lender

How did you add value to the deal?

Rehab + short sale

What was the outcome?

Amazing deal

Lessons learned? Challenges?

Too many lessons to list
•rebab lessons
•tenant lessons
•tax lessons

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

Worked with hard money lenders. Never had an issue. Working with real estate agent for sale.