Buy hold and also flip with more then one unit.

[Timothy Everding]

Investment Info:

Single-family residence fix & flip investment in Ruston.

Purchase price: $149,000
Cash invested: $1

Purchased 3 property one duplex, one single-family, and one single-family fix and flip crossed mortgaged to existing properties so no money down and remodeled unit it is now on the market for 299.000. It is just for 301 east Tennessee we will keep the other two properties as a buy and hold debt-free. Net prophet should be around 67,000.00.

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

This is what I do I have been doing this for 30 years we have 62 doors and management over 300 properites.

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

Pocket listing

How did you finance this deal?

Crossed mortgaged to other properties with a bank loan.

How did you add value to the deal?

Complete remodel on one unit to be put up for sale.

What was the outcome?

Just put it on the market still waiting for a sale.

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

Providence real-estate.