Personal house slow flip

[Steven Westlake]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $93,000
Cash invested: $30,000

personal house, until new house is built in Cypress, then convert to rental or sell as house 3 houses west sold for $225,000

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

Payment was cheaper than rent

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

Lady was going to let it get foreclosed

How did you finance this deal?

Contract for deed, took over payments

How did you add value to the deal?

Full update, neutral colors replaced flower child colors

What was the outcome?

Still living there

Lessons learned? Challenges?

Equity happens

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

Rachael Dahl, Keith Peterson