After Repair Value equals Return On Investment

[Ethan Clay Lesperance]

Investment Info:

Single-family residence private money loan investment.

Purchase price: $140,000
Cash invested: $140,000

ARV 375,000...currently making monthly interest only payments to investor...using as primary res....
Will refinance in a few months and use equity for other investments.

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

ARV = ROI. Use equity for other Inveatments.

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

FB marketplace. Wholesaler.

How did you finance this deal?

Private Investment.

How did you add value to the deal?

I had used 2 properties as collateral.

What was the outcome?

I took a 140k house on 5 acres and put 140k into renovations and it appraised for 375k...this took right at 7 months.

Lessons learned? Challenges?

Ask for more money! Don't use your own if you can help it.

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

No