Single-family residence buy & hold investment in Palestine.
Purchase price: $22,000
Cash invested: $6,000
Single Family Home
What made you interested in investing in this type of deal?
Texas Sheriff’s Tax Auction
How did you find this deal and how did you negotiate it?
Public notice from county.
How did you finance this deal?
How did you add value to the deal?
What was the outcome?
Looking to sell to current Tennant after 6 month redemption period.
Lessons learned? Challenges?
Discovered after auction that property needed new roof. Substantial water damage inside. Need to do a better job on due diligence inspection. This is difficult when you can enter the property.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you