First DFW Rental, HML loan

[Robert Miller]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $133,000
Cash invested: $20,000

Foundation, minor roof, AC, and cosmetic

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

Cash flow

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

Wholesaler, bidding war

How did you finance this deal?

Hard money loan and refinance out after rehab

How did you add value to the deal?

Foundation, cosmetics, AC, and light roof

What was the outcome?

In progress

Lessons learned? Challenges?

Plan better timeline

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

I am an agent. Working with Derek Altoonian of Guarantee Rate to refinance.