Detroit Property 1 of 6

[Ericka Williams]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $14,000
Cash invested: $35,000

Single family off a wholesalers list. This is my 6th property invested in the Detroit area.

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

I have been investing with a small group repeatedly in Detroit for the past 3 years. plenty have an amazing contractor that does great work.

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

off cash buyers list.

How did you finance this deal?

cash

How did you add value to the deal?

new roof from flooding, tree fall, new kitchen, and cleaned up bathroom.

Lessons learned? Challenges?

out of state investing, also lots of rain delaying the roof and getting more water in the house

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

Denson Construction Services- Asia Denson award winning contractor