First Flip & Rent

[Ashton A. Moore]

Investment Info:

Townhouse fix & flip investment.

Purchase price: $68,000
Cash invested: $27,000

https://hotpads.com/533-wilson-st-baltimore-md-21217-1jm132x/pad

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

Long-term goals

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

Scrolling through realtor.com, all. the. time. Noticed it had been sitting for awhile so just went with making an offer, worst they could say is no.

How did you finance this deal?

Conventional mortgage - investment

What was the outcome?

Now fully paid off, great investment.

Lessons learned? Challenges?

Finding a good contractor was (and is) the hardest part of this process. I also bought it with a tenant in place and for me that was a rookie mistake.