Investment Info:

Single-family residence buy & hold investment in Anniston.

Purchase price: $2,000
Cash invested: $30,000

Larger house that needed total repair.

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

It was the worst house in the neighborhood. It was a killer deal.

How did you finance this deal?

This deal was a cash deal.

How did you add value to the deal?

Value was added in every way imaginable.

What was the outcome?

The outcome is a successful sturdy rental for years to come.

Lessons learned? Challenges?

I Learned to be quicker on rehabs. You can't turn an old house into a million dollar home. Nothing is square or level plan on it.