Home on 20+ acres in TN

[Chris M.]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $81,000
Cash invested: $16,500

SFR on 20 acres.
Selling 10 acres to payoff mortgage.

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

Long term rental in growing area.

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

Direct Mail

How did you finance this deal?

Commercial

How did you add value to the deal?

Appliances and minor sweat equity.

What was the outcome?

Leased home within two weeks. Split 10 acres of property off to sell, which should come close to paying off mortgage.