Purchased Foreclosure 2 bedroom 1 bath 954 sq ft

[Cherry Norris]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $65,000

Foreclosure, Private Hard money lender.

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

Wanting Short term rentals to increase my retirement income.

How did you finance this deal?

Private hard money, no money down

How did you add value to the deal?

We are remolding the whole house, new roof , flooring, etc...

What was the outcome?

just started

Lessons learned? Challenges?

make sure you hold money back to get the owner out. It has taken 3 weeks after we close to get him out of the house. I I

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

I'm Real Estate agent.