Vacant Property Bought via Auction

[Andrew Brei]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $77,777
Cash invested: $60,000
Sale price: $192,000

Bought via auction.com for our very first investment property!

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

Needed a jumping off point for our real estate investment journey

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

Auction.com

How did you finance this deal?

Refinance current residence

How did you add value to the deal?

Complete remodel to upstairs and finished un-finished basement

What was the outcome?

Successful fix & flip

Lessons learned? Challenges?

We learned by jumping in, some might say we assembled the parachute after jumping out of the plane!!

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

No