First Investment Property

[Shannon Rice]

Investment Info:

Single-family residence wholesale investment in Pearland.

Purchase price: $202,000
Cash invested: $30,000

1999 build 2 story . 4 bedroom 3 bath 2990 sq/ft

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

Passive income for life

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

Wholesale real estate agent

How did you finance this deal?

Hard Money to purchase and rehab

How did you add value to the deal?

Doing a remodel , New Roof , New HVAC

What was the outcome?

In progress now getting bids

Lessons learned? Challenges?

Wish I would of started 20 yrs ago

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

Yes , and they were excellent