First Property Investment into Clemson

[Russell Wagner]

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Clemson.

Purchase price: $119,500
Cash invested: $119,500

College Housing 4 Bedroom Apt

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

Expected Turnover in Student Housing, Expected Level of Maintenance, and Great Property Management Group in College Town

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

Zillow - owner listed it.

How did you finance this deal?

Self Financed - Dave Ramsey Model

How did you add value to the deal?

Do not know yet

What was the outcome?

Close this Friday

Lessons learned? Challenges?

Learning everything right now, this is my first one.

[Russell Wagner]

Cole, I am working on my second Clemson closing on Monday.  Maybe in a couple months, we can grab coffee or lunch.  I want to keep growing the Clemson base, wanted your feedback on why some of the 300k listings have not been picked up to flip (flipping is not my specialty.)  Happy New Year.