Single family house, rent hopefully sell

[Jordan Villebrun]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $155,000
Cash invested: $12,000

Bought the house for myself, I then lived there for 2 and a half years. Have had a renter there for 6 months. Have the house for sale and have had 2 offers at 200,000 so far.

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

It snuck up on me, and was the right time to sell.

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

A realtor helped me find it, at the time I wasn't looking to invest in real estate

How did you finance this deal?

FHA loan

How did you add value to the deal?

I'm a carpenter so I did a lot of upgrades to the property while I lived there.

What was the outcome?

Should hopefully be sold soon, if not I have a renter in it and making a 250$ profit.

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

I worked through re/max.