Updated about 5 years ago on .
Rental property after bought in a Tax Deed auction
Investment Info:
Condo buy & hold investment.
Purchase price: $30,100
Cash invested: $22,000
Bought on a Tax Deed auction, rehab it and have it on AirBnB. This is giving 26.87% ROI net.
How did you find this deal and how did you negotiate it?
Taxes did auction
How did you finance this deal?
Pay cash own money
How did you add value to the deal?
Complete rehab
Lessons learned? Challenges?
Contractors are really a big headache.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
No
