Second door in Knoxville

4 Replies

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

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