Ol' dietz road

[Alexander Goodson]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $84,000
Cash invested: $10,000
Sale price: $165,000

Single family home (manufactured)

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

Blessing in disguise. Wanted the 60 acres across the street and couldn't get it so bought this house on 3 acres instead.

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

Saw on zillow and wasn't interested in it at first but then saw the view in the backyard and knew it was the one. I live for the views baby!

How did you finance this deal?

Cash

How did you add value to the deal?

Saw value where no one else did.

What was the outcome?

Got my first place, made some cash, and learned a lot.

Lessons learned? Challenges?

Always check for a reset button before calling an electrician.