University Hills gem.

[Janet Emerson]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $240,000
Cash invested: $100,000

Highly desired area of University Hills. This property was in very bad shape. The worst of it being the failing retaining wall. We have had many bumps in the road and are almost complete. Had our first showing and it was well received.

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

I made the mistake of falling in love with a neighborhood.

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

Wholesaler who contacted me

How did you finance this deal?

Cash

How did you add value to the deal?

I added personal touches that are current and desirable to this market

What was the outcome?

Pending an outcome

Lessons learned? Challenges?

Don't fall in love with a house and stay away from HOA's

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

I am an agent.