Current Deal: East of Atlanta

[Brian Ellison]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $165,000
Cash invested: $30,000

Single family home in a quiet town about an hour east of Atlanta.

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

Four sided brick needed a lot of TLC, previous owner there since the 80’s.

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

Found via real estate agent and negotiated through a company that buys these kinds of properties at scale.

How did you finance this deal?

Finances using HELOC on primary residence.

How did you add value to the deal?

Renovated the entire house redoing flooring, walls, and appliances.

What was the outcome?

Appraised at $230k

Lessons learned? Challenges?

Personally, I found more joy in the renovation and buy/sell side of it than the tenant management. While it’s nice to get the income from the property, it’s more exciting to do the deal.

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

Joey Cole, real estate agent. Very patient and a pleasure to work with!