Executive rehab buy and hold

[Rashaun Forrest]

Investment Info:

Single-family residence buy & hold investment in Powder Spgs.

Purchase price: $380,000
Cash invested: $20,000

Purchased the home with unfinished basement, finished it out with extra bedroom, workout room, theater room to make the property available as an executive rental. Increased appraised value 100K

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

Cashflow, long term A rated tenants

How did you finance this deal?

Conforming loan

How did you add value to the deal?

Finished basement with indemand amenities

What was the outcome?

Solid cashflow great tenants

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

Britta Moore Keller Williams Atlanta