Buy and Hold then Sold

[Jamie Saunders]

Investment Info:

Single-family residence buy & hold investment in Hereford.

Purchase price: $54,459
Cash invested: $20,000
Sale price: $9,600,000

Bought as a buy and hold rented for a year then sold for a profit

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

Owner Carry very little money to get in

How did you finance this deal?

Owner Carry

How did you add value to the deal?

Minor repairs and clean up

What was the outcome?

Positive cash flow for a year then a profit when we sold