Updated over 11 years ago on . Most recent reply
First Rehab Real Deal Under Contract
After planning, planning, and more planning we finally DID something. We partnered with another investor in a different market (family member). We went 50/50 on a Fannie Mae foreclosure.
The numbers:
46k cash purchase price
ARV was 94k
10k rehab cost
1 month rehab timeline
Under contract for 90k / 3k buyer closing cost after 10days on market
Cash came from IRA and old 401k. Not a bad start.
Most Popular Reply
Congrats, the first of many i hope.