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Updated over 4 years ago on .

User Stats

2
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Miguel Liendo
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2
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Total renovation and improvements

Miguel Liendo
Posted

Investment Info:

Single-family residence hard money loan investment in Alachua.

Purchase price: $50
Cash invested: $40
Sale price: $150,000

Total rehab

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

After working for 25 years restoring classic cars, decided to do something a lot easier.

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

Driving around looking for “For Sale” signs

How did you finance this deal?

Hard money lenders

How did you add value to the deal?

Complete renovation, added 1 front and 1 rear decks

What was the outcome?

Excelent

Lessons learned? Challenges?

Ready to do more, but unluckily that was the start of 2008 recession time.

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

No.