Updated almost 7 years ago on . Most recent reply
SFH with Liens in Orlando
Investment Info:
Single-family residence buy & hold investment in Orlando.
Purchase price: $34,500
Cash invested: $18,000
SFH In Orlando with Liens
What made you interested in investing in this type of deal?
Price was low but had well over $100,000 of liens.
How did you find this deal and how did you negotiate it?
Craigslist. We took the liens into consideration on our offer.
How did you finance this deal?
Cash
How did you add value to the deal?
New Roof, Tree Removal, General minor rehab. Also worked with an attorney to get the liens reduced.
What was the outcome?
Great Rental.
Lessons learned? Challenges?
To research the liens more. Just because there is a face value of $42000 in liens doesn't mean that is the real amount. After we purchased we found out there was more than $100,000 in liens. It all worked out with alot of Prayer.
