Wagener Terrace Bungalow

[Account Closed]

Investment Info:

Single-family residence buy & hold investment in Hanahan.

Purchase price: $243,000
Cash invested: $20,000

Income producing bungalow in downtown Charleston. Area has experienced rapid appreciate in home values since acquisition. A small home so rental amount is limited, however sale price will be substantially above cash invested.

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

We knew this part of Charleston would become popular.

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

Keeping an eye on the market.

How did you finance this deal?

Private financing.

How did you add value to the deal?

Renovations.

What was the outcome?

Highly profitable income producing property with terminal value far above cash invested.