Buy & hold across from WVU Tech

[Kerri Zaferaos]

Investment Info:

Single-family residence buy & hold investment in Beckley.

Purchase price: $65,000
Cash invested: $60,000

Most recent buy and hold investment located across from the campus of a local university. One single family residence and one two unit residence.

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

Location. The properties are located across from a local university campus.

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

Real estate auction

How did you finance this deal?

Cash up front, then refi cash out once complete.

How did you add value to the deal?

Properties were not in livable condition at the time of purchase.