Single Family Residence in Texas

[Luis Ramos]

Investment Info:

Single-family residence buy & hold investment in Lumberton.

Purchase price: $200,000
Cash invested: $17,000

Buy and hold in the hottest market of SE texas

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

equity potentail

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

fell out of escrow with previous buyer due to a roof leak. I saw it, knew I could fix it for cheap.

How did you finance this deal?

Regular conventional financing

How did you add value to the deal?

fixed roof, flooring, new paint

What was the outcome?

appraised at $280,000

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

Supreme Lending
Double H properties