Bay Street Property Investment

[Janie Terrell Peel]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $8,000
Cash invested: $2,000

Building 3 units on property.

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

Close to where I work. Growing area. Overlooks the Savannah River

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

Found by researching neighborhood that I liked.

How did you finance this deal?

Cash from others

How did you add value to the deal?

Experienced in real estate

What was the outcome?

In process of getting plans approved

Lessons learned? Challenges?

Zoning regulations change.
Cost of building costs change.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Worked the deal through our real estate company