First home purchase in 2009.

[Jon Lopez]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $317,000
Cash invested: $30,000

Currently in the process of selling to pursue acquiring rentals and home flips (BRRRR) with the equity.

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

It was my first home purchase with my wife.

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

Driving around Carson.

How did you finance this deal?

FHA loan

How did you add value to the deal?

Made repairs and updated ammenities.

What was the outcome?

My investment has already doubled since 2009.

Lessons learned? Challenges?

I should have purchased a home in a more beat up condition to maximize equity.