Downtown Durham Townhouse

[Garrett White]

Investment Info:

Townhouse buy & hold investment in Durham.

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

Contributors:
Jonathan Taylor Smith

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?

Location! Downtown property positioned for STR or LTR tenants. Great cashflow opportunity.

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

MLS

How did you finance this deal?

Traditional finance for purchase and private funds for rehab.

How did you add value to the deal?

Update interior/exterior paint, new lighting, new flooring, updated bathrooms, and refresh of the kitchen.

What was the outcome?

Cash flowing asset that has appreciated well in a short timeframe.