Finally finished my biggest project.

[Chris Egan]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $60,000
Cash invested: $120,000

Single family renovation in Omaha NE. House needed a ton of work. I made a video with the before and after photos as well as the budget so people can see how my real numbers compare to the house flipping shows.

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

It is in a really popular area with a good ARV.

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

I knew the owner and she wanted to sell quickly and did not want people to come in the home for traditional showings.

How did you add value to the deal?

Had to do a bunch of work to make it a house someone would want to live in.

What was the outcome?

I toyed with selling it, but my is to keep it as a rental.

Lessons learned? Challenges?

Always build more money into the budget. I had some extras built in but not enough.