Small Summerville home

[Karol Jamison]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $200,000
Cash invested: $225,000

Bought as a rental unit. Only one bathroom but otherwise nice. Good-size back yard. Needed work - replaced siding and windows, added a small shed in back, fixed the fence and back deck.

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

Pulling some money out of the market

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

Agent

How did you finance this deal?

Cash

How did you add value to the deal?

Did a lot of work to make it nice

What was the outcome?

Renting