my third investment - bought from a wholesaler

[Ghita Mueller]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $110,000

Rented for $2195. Mortgage is $1700 . $500 cash flow per month

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

It was my first wholesale deal and I was very curious to see how that all worked (I'm a fan ;-))

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

Through a facebook post

How did you finance this deal?

Cash from an equity line of credit

How did you add value to the deal?

total gut renovation

What was the outcome?

Rented it very quickly

Lessons learned? Challenges?

down draft ranges are way too expensive!

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

Me ;-)