Rural SF foreclosure

[Robert Eaddy]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $20,500
Cash invested: $1,400

4br 1ba, new windows and roof, .66 acre lot in rural area, 1.5 from school, 9mi from Orangeburg SC, 45mi to Summerville

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

Familiar with the area

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

MLS used a realtor to purchase

How did you finance this deal?

401k loan

How did you add value to the deal?

House was priced below market value upon purchase

What was the outcome?

Stable rental. New lease signed 8/1/19 after previous tenant vacated 7/22/19