13 St. Lambert, Cahokia Heights, IL 62206

[Justin Mason]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $8,000
Cash invested: $46,000

SFH
864 sq ft
3/1 on a slab
total gut

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

I was very fiscally conservative with this deal and wanted to learn from this property after two years of going to meetups, meetings and seminars.

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

I found with is deal on MLS and reached out to a realtor.

How did you finance this deal?

Used my HELOC

How did you add value to the deal?

New roof, new plumbing, new AC, new flooring

What was the outcome?

I am getting $1200 and I have learned so much. I am ready for the next project now!

Lessons learned? Challenges?

Getting honest contractors that know what they are doing and show up was the hardest thing to deal with. I have a crew that's hungry and I have system so eager to find deals!

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

Kim Hunt