Unique Real Estate Deal in Desirable Location with High ROI Potential
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $159,000
Initially intended as a BRRRR deal, unforeseen circumstances led to a pivot in strategy and the decision to sell the property. The property requires $35k in repairs, with comps in the area reaching $400k. As the owner I am open to connecting with local investors and offering the property as-is or through a venture deal. This presents a chance for high ROI potential.
What made you interested in investing in this type of deal?
Location and proximity to the local University
How did you find this deal and how did you negotiate it?
MLS
How did you finance this deal?
Hard Money
How did you add value to the deal?
Did renovations to bring it to current condition
Lessons learned? Challenges?
The real estate deal taught me valuable lessons, including the importance of thorough due diligence and the proper protection of oneself when hiring contractors through proper contracts and review by an attorney. The experience also emphasized the significance of having a strong team and advisors, as well as working with a mentor.
