Online Auction Winner

[Jennifer Ryan]

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.