Edwards house Arizona

[Shari McLaws]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $48,000
Cash invested: $11,000

2 bedroom 1 bathroom with garage and basement

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

Went back to the bank after foreclosure auction. Was listed on MLS, offered asking price.

How did you finance this deal?

Traditional 30 yr mortgage

How did you add value to the deal?

Fixed grading to keep water out of the basement, painted exterior, changed out 3 windows, repaired some electrical and plumbing, new water heater, new heating/cooling system, added washer and dryer for tenants

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

Carolyn Rice was a great agent, located in Arizona