The Buyers Market

[Joshua Blackwelder]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $112,000
Cash invested: $3,000

In 2006 foreclosures and short sales were becoming more common.

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

The home was a foreclosure and immediately had equity, the only work was cosmetic

How did you add value to the deal?

Finished out a bonus room above the garage.

What was the outcome?

Property was my home then a rental and now is tripled in value over the years.