1st SF ever purchased

[Dominik Makaneole]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $196,000
Cash invested: $4,000
Sale price: $305,000

Purchased this home right before the boom, sold before it crashed. Just dumb luck

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

I knew I wanted to own real estate and this was the first time I could qualify for a home loan.

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

Driving around looking in my neighborhood

How did you finance this deal?

used the VA loan

How did you add value to the deal?

It was brand new

What was the outcome?

sold for profit, ex wife got most of the profit.

Lessons learned? Challenges?

You're spouse is the most important partner you will have, make sure they are trustworthy and seek someone whom you love and would be an excellent business partner.

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

Honestly, I don't remember their names