Rehab and rented Fayetteville,NC

[Adriese Williams]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $52,000
Cash invested: $38,000

4/1 converted into a 3/2, close to Fayetteville State University, currently rented

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

price, close to university

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

Agent,MLS, a little negotiation

How did you finance this deal?

Hard money

How did you add value to the deal?

4/1 converted into a 3/2, new roof, paint, full rehab

What was the outcome?

Rented tenant in place

Lessons learned? Challenges?

Plumbing inspection before closing, had to replace sewer pipe after tenant in place.

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

Sparkle Bass fayetteville,NC agent, Lima One