My first investment

[Ghita Mueller]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $125,000
Cash invested: $65,000
Sale price: $250,000

Wish I could have held onto it but needed the money to fund future deals

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

Joined a local investment group and got tons of support

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

MLS - I waived my buyer agent commission. I think that helped.

How did you finance this deal?

Got an equity line of credit and borrowed from it to pay cash for the property.

What was the outcome?

Made a decent profit for my first experience

Lessons learned? Challenges?

Pay attention to the details and be organized

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

Me ;-)