Buy & Hold Investing in SC

[Diane Guerra]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $19,000
Cash invested: $19,000

Great 2 Bedroom in area targeted for revitalization

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

Great price for this area being revitalized

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

I used a realtor. They initially wanted 22k but I held out do to their need to sell

How did you finance this deal?

CASH

How did you add value to the deal?

minor renovations needed - painting refinishing hardwood floors adding new appliances

What was the outcome?

successfully rented for 3 years with 2 different tenants

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

yes, but my agent retired