First investment outside of my own homes.

[Matthew S.]

Investment Info:

Single-family residence other investment in Lancaster.

Purchase price: $300
Cash invested: $200
Sale price: $2,600

I bought this property at a tax auction

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

I have a mentor who showed me the ropes.

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

I was the highest bidder on the property

How did you finance this deal?

Cash

How did you add value to the deal?

Treated the house for pests and cleaned up the property

What was the outcome?

A previous owner of the house wanted it back and called me to get it.

Lessons learned? Challenges?

Do not be the first to give a price. I could have sold this for more.
I can make a Title for myself.

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

Myself. I am a real estate broker in NC. Regardless, this did not help me much.