All Forum Posts by: Adrian Johnson

Investment Info:

Single-family residence buy & hold investment in Bagdad.

Purchase price: $5,000
Cash invested: $29,000

City Owned Tax Lien Foreclosure
Purchased Renovated and received city Code Compliance for valid occupancy
Cashout Refinance with great terms
80% of $76,000
10 year term
5.78%

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

The first free and clear property allowed me to create longterm positive cash flow for the buy and hold strategy established

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

Tax Lien Foreclosure list

How did you finance this deal?

Personal savings

How did you add value to the deal?

I put sweat equity and did the majority of the work myself

What was the outcome?

Saved significantly on laborer hours

Lessons learned? Challenges?

Have a healthy building relationships with lenders and contractors

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

Yes! Local Master electricians and plumbers in Wisconsin