Before and After Rental for Veteran

[Robert Flowers]

Investment Info:

Single-family residence buy & hold investment.

This property is currently owned by a client that purchased the property in a tax sale. Over the years decay had set in. Our Team Members at Flowers and Associates was able to turn this property around for the client and is now scheduled to moved in by a vet through one of non-profits we partner with.

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

Investor from Out of State had this property in inventory and did not know what to do with it. After having several conversations with investor. Flowers and Associates proceeded to get the property up and producing with veteran from non-profit org.

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

The deal found us. It was already owned by investor from out of state. Out of State Investor Needed someone to rehab it and get it producing

How did you finance this deal?

It was all Cash

How did you add value to the deal?

Turn the worst property on the street into the best looking one and a happy investor

What was the outcome?

Rehabbed Property with a Veteran tenant from Non-profit Organization producing 650 a month income guaranteed.

Lessons learned? Challenges?

Bringing it up to code. Plumbing and Electrical re-worked

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

None. Just Flowers and Associates and the Owner