Second door in Knoxville
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $27,000
Rehab then hold or flip
What made you interested in investing in this type of deal?
Low price and rehab
How did you find this deal and how did you negotiate it?
Found it on the MLS. Asking price was $29k and seller rejected three cash offers for $25k. I split the difference at $27k
How did you finance this deal?
No. Cash
How did you add value to the deal?
Plan on a full rehab to the studs.
What was the outcome?
TBD
Lessons learned? Challenges?
TBD