Piedmont Property #1

[Danny Price]

Investment Info:

Single-family residence buy & hold investment in Piedmont.

Purchase price: $1,400
Cash invested: $5,000

Purchased a Tax Deed from the state, then obtained a quit claim from heir.

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

Low acquisition cost

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

Purchased from the State Dept of Revenue

How did you finance this deal?

Private Lender

How did you add value to the deal?

Performed all due diligence prior to purchasing.
Purchased property with my funds
Negotiated quit claim from heir of previous owner.
Used Private many for rehab.

What was the outcome?

House is rented