First cash deal but looking for more!

[Justin Hill]

Investment Info:

Single-family residence fix & flip investment in Holt.

Purchase price: $34,000
Cash invested: $16,000

Procured an investor for this deal and I live in the house while I’m fixing it up.

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

I wanted to get into real estate and start investing and see how flips and rentals work IRL.

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

Realtor cash deal easily done. Hoarder house

How did you finance this deal?

cash

How did you add value to the deal?

sweat equity

What was the outcome?

Fixed it up and currently living in and renting out a room until we decide to sell.

Lessons learned? Challenges?

Underestimated the cost to fix up and how hard and how much time it takes for one or two people to complete a flip.