Investment Info:
Single-family residence fix & flip investment.
Purchase price: $50,000
Cash invested: $23,000
Sale price: $98,000
This was my first deal ☺️. I love real estate.
What made you interested in investing in this type of deal?
I was working with my mentor who said this was a good deal
How did you find this deal and how did you negotiate it?
My mentor helped me find the deal through word of mouth
How did you finance this deal?
hard money
How did you add value to the deal?
we added a master bedroom to increase value
What was the outcome?
We ended up holding the property way longer than expected and the expenses went up as a result. So we didnt make as much money as we expected
Lessons learned? Challenges?
Things dont usually go as planned. Plan ahead for unexpected mishaps
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
not currently
