1007 Washington st Burlington, NC
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $40,000
Cash invested: $35,000
2/1 close to downtown, transportation, Major highways, 30 mins to Durham, 20 mins to greensboro
Big back yard, completed rehabbed.
What made you interested in investing in this type of deal?
It was right next door to my triplex
How did you find this deal and how did you negotiate it?
My property manger knew the owner, it had been vacant for 1 yr
How did you finance this deal?
Lima One, Private invester
How did you add value to the deal?
Complete rehab, paint, roof, floors cabinets, appliances
What was the outcome?
About to rent it out 850-900 per month
Lessons learned? Challenges?
weather delayed, contractor was traveling from out of town
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Lima One
