Updated about 5 years ago on .
677 Kenridge Drive, Suwanee, GA 30024
Investment Info:
Townhouse private money loan investment.
Purchase price: $72,000
Cash invested: $20,000
Sale price: $167,000
Rented with 900/mo cash flow after HOA+Fees+Maintenance, sold for a bigger investment.
What made you interested in investing in this type of deal?
House was foreclosure, had good bones.
How did you find this deal and how did you negotiate it?
MLS - traditional RE agent
How did you finance this deal?
Cash Loan from private lender along with personal investment
How did you add value to the deal?
cosmetic changes, buy and hold
What was the outcome?
sold for twice the cost and + 7 years of 9000 per year rental income
Lessons learned? Challenges?
Townhomes are harder to manage than single family housing with HOA restrictions. I don't enjoy HOA managers.
