My first purchase, rehab and sale

[Mal'Lica Benton]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $59,000
Cash invested: $17,000
Sale price: $129,900

I converted a 3 bedroom 1 bath single family home into a 4 bedroom 2 bath home.

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

The neighborhood is a transitioning area in my city

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

a wholesaler

How did you finance this deal?

hard money

How did you add value to the deal?

added a bedroom and bathroom. new paint, flooring, kitchen, bathroom , appliances, lighting, windows, etc

What was the outcome?

sold

Lessons learned? Challenges?

hold on to good contractors if you find one. If you use a real estate agent in a transitioning area, then use one that has a true passion for that area

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

Yes. Paces Funding and Kingdom First Reality