My First Rental Property Purchase
Investment Info:
Single-family residence note investment investment in Bay Minette.
Purchase price: $6,000
Cash invested: $6,855
Fixer Upper I purchased and doing renovations to begin rental process
What made you interested in investing in this type of deal?
The great price
How did you find this deal and how did you negotiate it?
Online. The pic's online said (I'm decent). But when I put eyes on the site it was horrible. Made an offer in hopes us demolishing it, 0ffer was accepted, but when inside and it was sound and remodel-able.
How did you finance this deal?
cash
How did you add value to the deal?
In process of renovating