Past buy and hold rehab and flip

[William T Stephens]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $40,000
Cash invested: $40,000
Sale price: $125,000

OPPORTUNITY! Rarely available in this subdivision. Well kept 3 bedroom / 2 Bathroom home conveniently located minutes from downtown and freeways. Move in ready! Large living room. Sold AS IS.

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

Never have alot of credit wanted a place to move into and fix.

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

Was a bank own foreclosure in a nice area

How did you finance this deal?

First time home buyer FHA

How did you add value to the deal?

Do my own rehab

What was the outcome?

OPPORTUNITY! Rarely available in this subdivision. Well kept 3 bedroom / 2 Bathroom home conveniently located minutes from downtown and freeways. Move in ready! Large living room. Sold AS IS.

Lessons learned? Challenges?

Once you put the work in its possible

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

Yes my real estate agent point me in the right direction and this deal and analyze it looks like a potential opportunity so I make it possible