Investment Info:
Single-family residence buy & hold investment in Murrieta.
Purchase price: $140,000
Cash invested: $35,000
3 bed, 2 bath, single story, 2 car garage.
What made you interested in investing in this type of deal?
Always grew up listening to my parents about real estate and ended up having the opportunity to purchase this house
How did you find this deal and how did you negotiate it?
Found on MLS. Short sale
How did you finance this deal?
Bank
How did you add value to the deal?
New carpets, paint, scraped popcorn ceiling, painted cabinets, new counter tops self installed, fixed roof leak, exterior paint touch up, gardening.
What was the outcome?
Still own as a rental.
Lessons learned? Challenges?
custom counters easy to install....
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes, family friend Robin is my lender and can shortcut time.
