Updated almost 6 years ago on . Most recent reply
Online Auction Winner
Investment Info:
Single-family residence buy & hold investment in Alvarado.
Purchase price: $72,000
SFR that I bought from an online auction with only a drive by to view. Luckily, the property was in remarkable condition needing only the basics; paint, flooring, cleaning, etc.
How did you finance this deal?
I paid cash for it & a year later got a mortgage against it getting all of my investment, including repair money back!
What was the outcome?
Property has always cash-flowed and the equity is almost double my original investment.
