Purchase at auction of a 2bd 1.5b condo

[Steven Anderson]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $61,000
Cash invested: $61,000

2 Bed 1.5 bath

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

Purchased at auction

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

Found on auction.com and enjoyed the thrill of being high bidder

How did you finance this deal?

na

How did you add value to the deal?

general fix up for rental

What was the outcome?

Very pleased with the return and low maintenance

Lessons learned? Challenges?

Watch for additional opportunities.

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

not on this one.