My first home. Sold and used profit for rentals.

[Cassandra Barr]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $66,000
Cash invested: $10,000
Sale price: $117,000

Bought as a personal home. Ended up sailing 6 years later and doubling my money.

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

Looking for a personal home I can put my own touches on.

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

Used an agent. The asking price was $80,000

How did you finance this deal?

Conventional loan. 5% down

How did you add value to the deal?

Painted exterior, Opened up kitchen and added tile,...

What was the outcome?

Sold and made $51000

Lessons learned? Challenges?

Keep doing this!!

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

Myself to sell