Very short sale.

[Dominic Diguglielmo]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $160,000
Cash invested: $40,000
Sale price: $268,000

I bought my first house in Kalispell Montana as a long term investment and possibly a rental. I installed some updates like new flooring and Kitchen appliances. Sold it early because of my relationship and had to move.

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

I saw the market going up while renting in the area and didn't want to miss the opportunity. Also covid was in full swing which caused all kinds of craziness in the real estate market.

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

I found it on zillow and bought it for listing price.

How did you finance this deal?

Conventional

How did you add value to the deal?

Updated appliances and flooring. Paint.

What was the outcome?

Sold it for a profit fairly quickly.

Lessons learned? Challenges?

Seeing a wave and catching it can be very beneficial.

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

yes my real estate agent did great. I used her for buying and selling the same property.