Pass Christian Katrina Cottage

[Prescott Williams]

Investment Info:

Single-family residence buy & hold investment in Pass Christian.

Purchase price: $25,000
Cash invested: $5,000

1,000 square feet 1 bed/1 bath contemporary Katrina Cottage

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

I was interested investing in this type of deal because it was an amazing deal off of the MLS

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

I found this deal through a family friend who was going through the probate process for this residence

How did you finance this deal?

personal financing-cash

How did you add value to the deal?

Fully remodeled

What was the outcome?

appraised value post rehab-$115,000

Lessons learned? Challenges?

Always put people first, make transactions easy, and always do what you say you're going to do.