Pre-foreclosure, Subject To, Buy & Hold

[Paul Shaffer]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $294,000
Cash invested: $50,000

Pre-foreclosure, Subject To, Buy & Hold

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

Blended Interest Rate = 2.78%

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

Cold Calling

How did you finance this deal?

Subject To & Private lender, No personal funds used

How did you add value to the deal?

Rehab to Rental Ready, new roof, HVAC, etc.

What was the outcome?

We’ll hang onto it as LTR. Should cash flow nicely.

Lessons learned? Challenges?

Be persistent, stay at it. Provide value & Follow up.