All Forum Posts by: Matthew S.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $100
Cash invested: $4,500

Fixing property up now

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

Fixed up this property is somewhere I would want to live.

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

I found the seller who did not want the house anymore and offered to take it off her hands.

How did you finance this deal?

paid cash

How did you add value to the deal?

Cleaned Property. Currently gutting

What was the outcome?

None yet

Lessons learned? Challenges?

Challenge- Need to put on a roof right now.

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

Looking for a roofer in Lancaster SC

Investment Info:

Single-family residence other investment in Lancaster.

Purchase price: $300
Cash invested: $200
Sale price: $2,600

I bought this property at a tax auction

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

I have a mentor who showed me the ropes.

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

I was the highest bidder on the property

How did you finance this deal?

Cash

How did you add value to the deal?

Treated the house for pests and cleaned up the property

What was the outcome?

A previous owner of the house wanted it back and called me to get it.

Lessons learned? Challenges?

Do not be the first to give a price. I could have sold this for more.
I can make a Title for myself.

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

Myself. I am a real estate broker in NC. Regardless, this did not help me much.