First Investment with Cash Purchase

[Account Closed]

Investment Info:

Single-family residence wholesale investment in Mazomanie.

Purchased with goal of selling to an investor. Will require complete gut down to studs. Located in Mazomanie, 35 minutes west of downtown Madison, WI.

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

I've been seeking all types of real estate deals. Particularly interested in this deal to make a quick sale.

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

Found this deal on an online auction site.

How did you finance this deal?

Cash.

What was the outcome?

I'm posting my listing everywhere I can at the moment. Will update once I make a sale! Fingers crossed.

Lessons learned? Challenges?

I purchased this home prior to seeing the inside. Always check it out, even through the windows if possible. I knew the property would be bad, but didn't realize it would be flood-damage bad! It makes me only a little bit nervous.

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

Andrea Lindemann with Century 21. As a friend and real estate agent, she's always so happy to help with 100% of your questions, whether she's in the deal or not. She truly loves real estate.