REO foreclosure in Charlotte, NC
Investment Info:
Single-family residence buy & hold investment in Charlotte.
Purchase price: $144,000
Cash invested: $33,000
Bought off an auction site, it was an REO foreclosure, took 5 months to get occupants out, and then proceeded with renovations in March. Major renovations took place between March and May, right now I am living in the house and plan on renting it out to student renters in August.