Went all the way on this one

[Shane Ussery]

Investment Info:

Single-family residence other investment.

Purchase price: $5,000
Cash invested: $15,000
Sale price: $30,000

Took this one from a vacant house of over 20 years fixed it up rented it out. Sold after 5 years

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

The Price

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

Listing Price was at 20k.. i talked to Listing Agent and told them the listing price wasn’t a fair representation of the house value. I offered 5k Agent called the State of North Carolina and they accepted.

How did you finance this deal?

Cash

How did you add value to the deal?

Took house from a vacant house of over 20 years and brought it to life

What was the outcome?

Turned out to what I envisioned .. rented it out then sold

Lessons learned? Challenges?

Bought as is where is no inspections. Tough challenging project

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

Yes. Listing Agent