1st Rental in Memphis

[Phil Petite]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $54,000
Cash invested: $110,000

SFH in Memphis with Section 8 tenant in place!

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

It was my comeback deal in real estate

How did you finance this deal?

Cash

How did you add value to the deal?

We fully renovated the property

Lessons learned? Challenges?

It was my first time dealing with mold remediation, and it wasn't too bad at all! :)

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

Tjuania Redmond - Agent
Marcus Walker - Contractor