This was my first real estate deal

[Marshall Blacklock]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $45,000
Cash invested: $9,000
Sale price: $58,000

Bought the last vacant wooded lot in a HOA in a demanding location. Held the property for roughly 11 months.

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

Knew the markets in that location

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

For sale by owner and negotiated using a realtor.

How did you finance this deal?

Traditional land loan

How did you add value to the deal?

Demand us supply

What was the outcome?

Made enough money to start looking at other deals.

Lessons learned? Challenges?

Yes, did a lot of phones and emails to lenders and to the local county.

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

yes I do, his name Justin Blacklock and he works with Keller Williams in Grandville mi.