Buy and hold renovation

[Paul Price]

Investment Info:

Single-family residence buy & hold investment in Knoxville.

Purchase price: $27,500
Cash invested: $6,500

Buy and hold renovation of a foreclosure. See video here -- https://www.youtube.com/watch?v=AHEmQgXTPM4

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

Cash flow and a great deal on a newer home.

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

Bank foreclosure

How did you finance this deal?

All Cash

How did you add value to the deal?

Renovated house, repaired roof damage caused by a fallen tree limb, and repaired damage from previous owners. Installed new flooring and painted the entire house. See video here -- https://www.youtube.com/watch?v=AHEmQgXTPM4

What was the outcome?

Successfully rented this house for several years now.