REO foreclosure in Charlotte, NC

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Investment Info:

Single-family residence buy & hold investment in Charlotte.

Purchase price: $144,000
Cash invested: $33,000

Bought off an auction site, it was an REO foreclosure, took 5 months to get occupants out, and then proceeded with renovations in March. Major renovations took place between March and May, right now I am living in the house and plan on renting it out to student renters in August.

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