1st Single Family Home

[Trevin Nelms]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $105,000

Single family House

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

I was a making a bad situation better.

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

I found it through an associate who was selling homes and I was an investor. The market crashed and was left with a 5k sqft lot.

How did you finance this deal?

Construction Loan

How did you add value to the deal?

Built a house and stayed in it, rented, rehabbed it and moved in it again.

What was the outcome?

As of now, cheap rent and saving money.

Lessons learned? Challenges?

Refinancing home for rehab before rehabbing.

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

No