Mixed Property Deal on One Parcel

[Kim Warren-Page]

Investment Info:

Other buy & hold investment in Travelers Rest.

Purchase price: $69,000
Cash invested: $50,000

Mixed Property

1 Doublewide
1 Single family house
1 Duplex
1 Singlewide

This was a foreclosure. We have invested time and money rehabbing each property.

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

It was a foreclosure and a great deal.

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

Our realtor - a friend since middle school

How did you finance this deal?

20% down loan from a small, local bank

How did you add value to the deal?

We rehabbed each property top to bottom.

What was the outcome?

Great group of properties generating monthly income