New investment-Town House in Lorton, Fairfax County VA

[Marie Saint Louis Tervene]

Investment Info:

Townhouse buy & hold investment in Lorton.

Purchase price: $269,000
Cash invested: $50,000

Zero Realtor fees--Fast Closing guaranteed!! Our mission is to create an inventory of real affordable housing in the DMV. We will buy your house "AS IS" FAST!!

'In Service-Valuing dignity"

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

Lower risk and GREAT location

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

Live auction!!

How did you finance this deal?

Combination of hard money loan (private investor) and private funds

How did you add value to the deal?

Complete renovation

What was the outcome?

Hold as rental

Lessons learned? Challenges?

Beware of buyer's premium when buying from auction

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

I am an agent licensed in VA