Downtown Durham Townhouse

[Garrett White]

Investment Info:

Townhouse buy & hold investment.

Purchase price: $150,000
Cash invested: $35,000

Purchased needing roughly $30k in repairs. Appraised for $220k in 2021 and providing solid cashflow month to month.

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

Great location for either STR or LTR. Low entry price for downtown Durham, NC property. Great cashflow.

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

MLS. Negotiated through sellers agent.

How did you finance this deal?

Traditional financing for purchase and private funds for rehab.

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

Worked with Jonathan Smith with Blue Chariot Realty