Updated over 3 years ago on .
Ellijay Rags to Riches
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $300,000
Cash invested: $70,000
Sale price: $450,000
BRRR method using an STR property that has projections in the 75k gross range.
What made you interested in investing in this type of deal?
Great ROI and growth potential.
How did you find this deal and how did you negotiate it?
on MLS. Paid over asking.
How did you finance this deal?
Conv. local lender 20% DP
How did you add value to the deal?
TOTAL flip and rehab.
What was the outcome?
Place is absolutely stunning.
We have created an opportunity to get away , but still be just minutes from any modern convenience you need.
Lessons learned? Challenges?
It always pays to not pay for a a job until its complete.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I highly recommend Bruce Seigle at Movement Mortgage
- Pete Galyon