Investment Info:

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?

Cash

How did you add value to the deal?

New roof

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?

Live auction