Pass Christian Katrina Cottage
Investment Info:
Single-family residence buy & hold investment in Pass Christian.
Purchase price: $25,000
Cash invested: $5,000
1,000 square feet 1 bed/1 bath contemporary Katrina Cottage
What made you interested in investing in this type of deal?
I was interested investing in this type of deal because it was an amazing deal off of the MLS
How did you find this deal and how did you negotiate it?
I found this deal through a family friend who was going through the probate process for this residence
How did you finance this deal?
personal financing-cash
How did you add value to the deal?
Fully remodeled
What was the outcome?
appraised value post rehab-$115,000
Lessons learned? Challenges?
Always put people first, make transactions easy, and always do what you say you're going to do.