First lesson in investing

[Jay Newman]

Investment Info:

Single-family residence buy & hold investment in Rochester.

Purchase price: $2,500
Cash invested: $2,500

5 bedroom single family home, owes some taxes.

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

First investment.

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

County tax auction.

How did you finance this deal?

Savings.

How did you add value to the deal?

Property has potential

What was the outcome?

Taxes. And eviction of squatters.

Lessons learned? Challenges?

So many challenges, but worth the lessons.

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

Just the evictions lawyer.