Latest acquisition Burlington, NC

[Adriese Williams]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $158,100
Cash invested: $22,000

New Acquisition, 504 Trail One Burlington, NC
1184 sq ft
2 beds/1 bath
over 1/2 acre lot
Convenient to 85/40, 30 mins to Durham, 20 mins to Greensboro
Interested in #learning how to do #realestateinvesting? Contact me
For rent, available August 1st. Thanks Kaivi , Xome
#realestateinvesting #burlingtonrealestate

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

Location, condition of the home and the lot size

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

Online auction, probably paid a little over, but the appreciation will be quick

How did you finance this deal?

Hard money lender and refied a property that I owned, free and clear.

How did you add value to the deal?

Will be adding a tiny home to the back yard for additional rental income

What was the outcome?

Should be rented by August 1st, Interest rate was steep, but I'm "playing long ball"

Lessons learned? Challenges?

Over paid a bit, Interest rate was high but long term appreciation will be good

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

xome, kiavi