First house investment

[Lewis Myers]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $170,000
Cash invested: $15,000
Sale price: $214,000

Live in long term flip. First investment without any knowledge. Sweat equity and good location. Learned a lot and ready for buy and hold rentals

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

Investing vs renting

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

MLS. Realitor. knowing the area for value in property's was a must

How did you finance this deal?

FHL loan 3.5% down

How did you add value to the deal?

Sweat equity and cash for home improvements

What was the outcome?

positive cash to invest in a larger home