My first experience as a Real Estate investor

[Alejandro Meriles-Medina]

Investment Info:

Townhouse fix & flip investment in Washington.

Purchase price: $245,000
Cash invested: $95,000
Sale price: $463,000

First-ever fix and flip project. As a new investor, this project was fun but challenging at the same time. Covid-19 slowed down our permitting process but in the end, we managed to sell the house at a profit. Great opportunity to learn and get into the business!

For all new investors out there, please get started because the learning experiences that you get from your first project are priceless, and the risk of not taking that first step is TOO BIG!

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

MLS using a Licensed agent.

How did you finance this deal?

Partners and Hard Money loan.

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

Recommended lenders: Washington Capital Partners and Restoration Capital LLC