Carbon St. Property 2 unit rental

[Jon Simpson]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $9,407
Cash invested: $9,407

Purchased from Sheriff sale. Is a Two unit rental. 2 Bedroom1 bath and 1 bedroom 1 bath.

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

Low cost of entry. Wanted to get into real estate without any loans.

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

Looking at tax sales in my area.

How did you finance this deal?

All cash.

How did you add value to the deal?

Was worst house on block. Up graded windows, siding, complete rehab of 1st floor 2 bedroom apt.

What was the outcome?

Was able to increase rent.

Lessons learned? Challenges?

Lots of experience.
Hard to find good contractors.