Augusta Buy and Hold #3

[Christian Wamsley]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $44,500
Cash invested: $10,000

Beds: 3; Baths: 1; Rooms: 5; House size: 1,025 sq ft; Stories: 1

What made you interested in investing in this type of deal?

The location and purchase price.

How did you find this deal and how did you negotiate it?

Found the deal through a friend and was a wholesale deal where the wholesaler had no offers.

How did you finance this deal?

Used my line of credit from another property

How did you add value to the deal?

Clean out the trash in around the property and replace the A/C

What was the outcome?

Still remain to be seen. Once repairs are complete the rent will increase from 690 to 750, which in turn increase the cash flow by 60.