My First REI Property!

[Griffin Wilde Cardew]

Investment Info:

Single-family residence fix & flip investment.

I found the Ugliest house on the block that I'm turning into something beautiful.

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

I'd been living in a custom sprinter van I built for a year+ so I could save up for my first home. It was a sacrifice that allowed me to put a roof (fixed, not mobile!) over my head and utilized the knowledge I've acquired professionally over the last 8 years.

REI has been something I've been incredibly interested in and passionate about for the last 5 years, this is my first step towards financial freedom.

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

I found it on the MLS. I was able to leverage a motivated seller and dropping market to go in below asking and knock off additional dollars after inspections.

How did you finance this deal?

Traditional. 30-year fixed, used some of the money I negotiated off during inspections to buy my rate down.

How did you add value to the deal?

Sweat equity. Flipping the house myself.

What was the outcome?

TBD!