Project 1: Buy and Hold turned Flip

[Jessica Grullon]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $220,000
Cash invested: $36,000
Sale price: $325,000

Updated and rented one year. Made remainder of updates and sold for a 19% ROI.

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

The property was solid only needing cosmetic updates. It was an ideal first investment property.

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

MLS listing

How did you finance this deal?

Conventional

Lessons learned? Challenges?

This is the one that taught me not to use my own money.

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

Yes, ME! haha.