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Updated over 3 years ago,
This is a potential first deal for me.
Investment Info:
Single-family residence hard money loan investment in Ecorse.
Purchase price: $55,000
Cash invested: $14,000
First Rental Property
What made you interested in investing in this type of deal?
Looking for a rental property without having to rely on investors. Wanted to gain some experience and understanding at a scale I think I can handle at this point.
How did you find this deal and how did you negotiate it?
Real Estate Agent.
How did you finance this deal?
Still working through financing.
How did you add value to the deal?
Still working on this.
What was the outcome?
Still working on this.
Lessons learned? Challenges?
Still working on this.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Not at this point. Keep you posted.