5 bedroom / 2 bath near Mercer University

1 Reply

Investment Info:

Single-family residence buy & hold investment in Macon.

Purchase price: $45,000
Cash invested: $9,800

Wholesale property, 5 bedrooms, 2 bathrooms.

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

The price and recent sales in neighborhood.

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

Craiglist

How did you finance this deal?

Private Money Lender

How did you add value to the deal?

Rehabbed

What was the outcome?

Rents $975

Lessons learned? Challenges?

How to close a deal when a property is listed with a wholesaler.

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

No.

Nice! Do you plan to refi out of private loan? Is ARV above $50k (From what I'm learning, most banks won't finance below $50k). Any advice on purchasing in Macon?

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