Out of state investments, Orangeburg,SC

[Adriese Williams]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $74,000
Cash invested: $12,000

4/2 walking distance to local college, brought and rehabbed with hard money, rented out for $1,300 per month, cash flows about $450 per month

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

Close proximity to the local college, big house, good bones.

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?

Rehabbed

What was the outcome?

Leased with a paying tenant

Lessons learned? Challenges?

Everything when relatively smooth

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

Kiavi Hard money lender