Puckett Road was an inherited property that had been vacant for almost a year. When I first came across it, the grass and brush was so tall you couldn’t even hardly navigate through the property.
There was trash , fallen trees and limbs, overgrown weeds and brush , saplings.. You can imagine.
The property obviously wouldn’t pass a bank financing inspection, and, it wasn’t showing well.
I made a cash offer and asked for nothing. I even paid for my own survey.
In the process, I ended up remodeling the entire home, as new. New roof, hvac, windows, completely new kitchen and baths, flooring, paint, etc . I even cut out some additional trees and cleared more of the land.
You know how they say “you can judge a book by its cover?” . Well, I’m being transparent here… by saying that the neighbors don’t keep the best “yard”. They have a lot of items laying around on their property, so potential buyers would drive through and decide they just didn’t want to live near that.
I ended up meeting most of the neighbors, and, started becoming friends with one of them. They truly are good folks. They’re just not neighborhood folks lol !
I had the property listed on the MLS for $249,000. Thats a 1900+ 3 bed, 2 bath remodeled house, with a large shop, pond, sitting on over 3 acres ! It had both city water and a well.
This property fit exactly what I was looking for : A “situational” property that I could rehabilitate and offer it as an affordable housing option for someone looking for something like this .
I was able to pay cash by using my private capital partnership program, remodel it, and offer it back for sale to a deserving buyer.
Many different contractors and professionals got jobs on this deal, as well as realtors, mortgage broker, appraiser, inspector, septic tank company, surveyor, etc… .. Which improves the local economy and keeps things moving.
I call Puckett a win… a truly win-win deal for all involved.