New Buy and Hold 550 Green st Orangeburg,SC

[Adriese Williams]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $64,000
Cash invested: $12,000

4th buy and Hold in Orangeburg, found on MLS, distress, negotiated price down after inspection.
3 beds, 3 baths, renovation completed in 6 weeks, tenant moved in mid August 2023. $1,300 per month

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

4th property in this small college town. I also liked the 3 beds and 3 full baths

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

MLS, negotiate price down after inspection

How did you finance this deal?

Hard money, Kiavi

How did you add value to the deal?

Renovated, new floors, kitchen, repairs to electrical and plumbing

What was the outcome?

Rented for $1,300 per month, yearly lease

Lessons learned? Challenges?

Appreciation will be long term,but cash flow is strong. Even with double digit interest only Hard money loan. When rates drop, cash flow will be stronger

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

Kiavi, for hard money, local agent that I have used previously.