Buy & Hold Investing in SC

[Diane Guerra]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $25,000
Cash invested: $25,000

Great single family property consisting of 3Beds 2Baths

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

The price of the home and the area

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

Realtor, paid $500 below he asking price.

How did you finance this deal?

CASH

How did you add value to the deal?

DIY repairs , refinished floors, added appliances updated bathrooms

What was the outcome?

Increased value, recently appraised at 80K

Lessons learned? Challenges?

Should have financed and thereby having enough downs payment to purchase the property next door.