Cute 2 bed 1 bath near Tinker AFB (Midwest city, OK)

[Justin Fletcher]

Investment Info:

Single-family residence buy & hold investment in Midwest City.

Purchase price: $2,500
Cash invested: $55,000

Property is a 1949 2 bed 1 bath house within 1/2 mile of airforce base. The owner had abandoned and was going to let the state have the property for back taxes. I paid back taxes ($4508) as well as the owner $2500. I did a complete rehab on the property adding central heat and air, upgrade electrical, floors, and kitchen.

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

My goal for this year is 5 SFH this is a start.

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

Delinquent tax from the county assessors web page.

How did you finance this deal?

cash Purchase and HELOC for rehab

What was the outcome?

bought and rehab