REO foreclosure in Charlotte, NC
3 Replies
Roger Verastegui
Real Estate Agent from Raleigh, NC
posted over 2 years ago
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.
Jonroy Connell
Rental Property Investor from Georgetown, MA
replied over 2 years ago
Good for you. You have patience. Where will you stand once all is said and done?
Ehsan Rishat
Specialist from Carlsbad, CA
replied over 2 years ago
Great job and congratulations! Let us know how this deal measures up later on.
Good Luck!
Terrell Garren
Rental Property Investor from Concord, NC
replied over 2 years ago
5 months to get occupants out? I hope they we're paying rent or you may just be too nice for this business Roger.
Best, Terrell
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