Investment Property 3

[Jessica Wix]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $340,060
Cash invested: $68,012

Long term hold. Home includes 2 lots so potential of building other home next to it someday.

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

Fit buy box of A or B rated school that will appreciate over time. Growing area.

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

On MLS. Negotiated price down 10K even with a multiple offer.

How did you finance this deal?

Conventional Investment loan.

How did you add value to the deal?

Lot next door- possibly building additional home someday. Cleaned up house but didn't have to do much.

What was the outcome?

I would buy something like this again.

Lessons learned? Challenges?

The area is a little far from town and is on a big lot in the country so it targets a specific renter.