My First Investment - Craddle to Grave

[Dylan J Berget]

Investment Info:

Small multi-family (2-4 units) fix & flip investment in Billings.

Purchase price: $155,000
Cash invested: $30,000
Sale price: $225,000

Originally purchased for $155,000, I invested an additional $30,000 into the property to make necessary upgrades and improvements. This hands-on approach taught me the importance of detailed planning and project management, as well as the value of working with reliable contractors to ensure the work was completed to a high standard.

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

What made me interested in investing in this type of deal was my strong desire to take action and immerse myself in the world of real estate investing. I realized that the best way to learn and grow was to jump in feet first, embrace the challenges, and gain hands-on experience. This approach allowed me to not only acquire valuable knowledge but also to develop the necessary skills and confidence to succeed in future investments.

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

The MLS and just offered 10% below asking.

How did you finance this deal?

Conventional Loan

How did you add value to the deal?

I rehabbed almost the entire thing. Mostly by myself but I hired contractors for the portions that I needed a contractor for.

What was the outcome?

I made some money on the property.