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Updated about 5 years ago,
My first home I purchased
Investment Info:
Single-family residence hard money loan investment.
Purchase price: $25,000
Cash invested: $10,000
Single Family 5 bedroom home with a jacuzzi tub full bath on second floor and full bath on 3 rd floor attic area , 2 Dining rooms , Large fenced in backyard
What made you interested in investing in this type of deal?
I always was interested in real estate, decorating and remodeling homes
How did you find this deal and how did you negotiate it?
I found this through a personal friend of the family.
How did you finance this deal?
I paid cash
How did you add value to the deal?
Remolding and rehabbing
What was the outcome?
I upgraded the property
Lessons learned? Challenges?
Never stop in the middle of rehabbing always finish what you started. The challenge is hiring the proper contractors
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
No this was private owned