Updated about 1 month ago on .
9524 Birmigham Dr
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $415,000
Cash invested: $50,000
This is single family house located on a great spot close to downtown of Manassas.
What made you interested in investing in this type of deal?
I was interested in this property because it is cute property and it generates monthly revenue.
With a little work added to it, and some love given, it turned out to be a lovely house for a family who enjoys living there.
How did you find this deal and how did you negotiate it?
I found this property by word or mouth.
How did you finance this deal?
It was financed conventional loan
How did you add value to the deal?
Value was added to the property by upgrading the interior of it. ( floor, bathroom, cabinets, and fresh paint) and topping it with love.
What was the outcome?
Great outcome!!!
Lessons learned? Challenges?
Lesson learned was to keep investing on distressed property and rent them out for positive income.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes!!
Bobby Feinman ( lender)
Robert Warrick ( agent)