fix, rehab, place tenant then sell in Raytown mo

[Gordon Cuffe]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $67,000
Cash invested: $16,750
Sale price: $87,000

Purchased home, did easy work. placed tenant at $995.0 per month then sold the buy and hold investor

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

to make money with a rental home.

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

off of mls. had listing agent make the offer for me below asking price.

How did you finance this deal?

hard money plus cash

How did you add value to the deal?

painted in doors, added new garage door, fixed some interior doors and trim. new oven.

What was the outcome?

I made some money within my self directed IRA

Lessons learned? Challenges?

It is more challenging to get long term financing within my IRA that I anticipated.

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

I purchased the home off of mls by contacting the listing agent so she could get both ends of the commission.