My recent Investment.

[Jonathan Wilks]

Investment Info:

Single-family residence other investment.

Purchase price: $480,000
Cash invested: $50,000
Sale price: $480,000

A Planned Urban Development, So it is a single family residence with a H.O.A. the community is kept up.

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

The community it was a probate inherited property, with a out of state family. The builder had developed multiple communities in the area. I knew i would be able to update and rent out.

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

MLS, they were asking 525k, got it down to 480, added a shower to making it a 2 bedroom, 2 full bath, and recently had it appraised for 525k.

How did you finance this deal?

Conventional with 10% down through local credit union.

How did you add value to the deal?

Adding a new shower, and by creating better use of the space to maximize the flow and look of the property.

Lessons learned? Challenges?

Working with the city to add a shower, and the additional time took to get through the permit process.

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

Yes, Karen Folgheraiter.