Lease-Purchase in Mobile, Alabama

[Mark Davis]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $15,000
Cash invested: $25,000
Sale price: $70,000

Selling Lease-Purchase

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

Nice home at a great price

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

Found it through my marketing efforts. Out of town owner. Negotiated down the lien.

How did you finance this deal?

Paid Cash

How did you add value to the deal?

Light rehab
- Paint
- Pitchen appliances and countertops
- Paint kitchen cabinets
- New vanity , glazed the tub and new toilet

What was the outcome?

Selling Lease purchase

Lessons learned? Challenges?

Give your

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

No, I did all the legwork.