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Updated over 4 years ago,
House Hack Flip HUD Foreclosure
Investment Info:
Single-family residence other investment.
Purchase price: $146,000
Cash invested: $20,000
Sale price: $191,000
We purchased the home to live in while we fixed it. We were in Fayetteville for work and paid very low rent while we lived in it and sold it when work relocated us.
What made you interested in investing in this type of deal?
Cheap Rent
How did you find this deal and how did you negotiate it?
MLS and put in a bid
How did you finance this deal?
VA loan
What was the outcome?
We made some money
Lessons learned? Challenges?
SO MANY. Be careful what materials you use. They do not need to be high end. Do the math before you start.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Agent and lenders