Investment Info:
Single-family residence fix & flip investment in Van Nuys.
Purchase price: $218,000
Cash invested: $6,200
Sale price: $245,000
The Thrill of Buying Real Estate
What made you interested in investing in this type of deal?
I was ignorant with real estate, what made me interested in investing is "after" I sold the property, truth be told. I was taught to work hard and SAVE your money growing up. I bought the property and invested a little bit of money in it for personal gains, life happened I sold said property and it was then, I realized the ease and extreme excitement I felt buying and selling real estate.
How did you finance this deal?
My credit wasn't the best at that time, so I used an awesome mortgage broker, they found me a non traditional lender.
How did you add value to the deal?
I focused on the three things people see when first walking in to a home (in my opinoin) and that is
-Flooring
-Kitchen
-Exterior paint
I Installed new flooring and paint the cabinets with new hardware. Painted the exterior of the home.
What was the outcome?
Beautiful
Lessons learned? Challenges?
Stop reading the books and take more ACTION.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Realtor
Jason Scott
1(813)763-8014
Tampa, Florida Area
This guy is a Rock star, he came highly recommended from a real estate broker that I know and trust.
