Updated almost 7 years ago on . Most recent reply
Purchased out of state from auction.
Investment Info:
Single-family residence buy & hold investment in Cabot.
Purchase price: $63,000
Cash invested: $28,000
ARV: $115,000
Cashflow: $250
What made you interested in investing in this type of deal?
Had a reliable person in the area to rehab for me. Great rental area so decided not to sell but to rent.
How did you find this deal and how did you negotiate it?
Purchased this bank owned property from auction.
How did you finance this deal?
Personal loan to apply toward a mortgage.
How did you add value to the deal?
Rehabbed interior/exterior.
What was the outcome?
Increased ARV and provided a good rental property.
