Houston Texas Project

[Percy Lowe]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $5,000
Cash invested: $38,000

I'm in the process of completing this buy and hold property. I am seeking $60,000 for a 15% ROI. I can return the investment and ROI within 90 days. The plan is to refinance the property within the 90 days.

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

The deal was a great deal to purchase a property for $5,000 and with the value of $152,000.

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

I found the deal through a friend and I negotiated to pay all the fees.

How did you finance this deal?

Self

How did you add value to the deal?

I in process of rehabbing and bringing the property up to code.

What was the outcome?

Still working on the property

Lessons learned? Challenges?

Broker my own deals

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

Yes,