Long Term Buy and Hold

[Linda Wright]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $210,000
Sale price: $350,000

This was purchased in the height with partner and they were supposed to be the money end. They fell behind and it almost got foreclosed, however, I took over and did a loan mod which was a lot of work and I almost quit but did not. In the end it all worked out.

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

Good Location

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

Bought off of MLS

How did you finance this deal?

Conventional

How did you add value to the deal?

New Roof and newer a/c

Lessons learned? Challenges?

Don't Give Up

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

No