Buy and Hold Investment Property

[Robert Russotti]

Investment Info:

Single-family residence buy & hold investment in Raleigh.

Purchase price: $167,000
Cash invested: $41,750

Our “long shot” deal finally closed today. It took a lot of creativity to hold it together after almost falling apart twice. The pay off will be big... Listed as a 3 bedroom/1 bath, this little gem has an enclosed carport with a fireplace and laundry room in the back. It will be a 4/2 when we are done with the renovation.

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

I worked with Melissa Gordon of Coldwell Banker.

https://www.coldwellbanker.com/Coldwell-Banker-Advantage-11983c/MELISSA-GORDON-461399a