Townhome Foreclosure Lease then Sale

[Thomas Williams]

Investment Info:

Townhouse fix & flip investment.

Purchase price: $177,000
Cash invested: $10,000
Sale price: $230,000

Foreclosure purchase with light renovation held for 3 years at $1600 per month then sold during spring market.

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

Foreclosure Auction

How did you finance this deal?

American Bank

What was the outcome?

Profitable Rental then Appreciating Value.

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

American Bank was the finance company and Jeff Adams from RE/MAX Unlimited Real Estate was Listing Agent.