Albany Ga Buy and Hold

[Ian Porter]

Investment Info:

Single-family residence buy & hold investment in Albany.

Purchase price: $27,000
Cash invested: $30,000
Sale price: $71,500

This property was purchased as a buy and hold investment as part of a bulk REO purchase from a bank. The property had significant damage and required everything including flooring, roofing, HVAC, total rewire, joist work and more. This property rented for $895 per month and was leased for the full 12 month term before it was put on the market and sold.