Historic Rehab a Huge Success
I just finished our newest rehab project on a historic 1900 bungalow. We painstakingly restored the outside while gutting, reconfiguring and modernizing the interior. It started out as a 1400 s.f. 2/1 and ended up 1900 s.f. 3/2 with a study. We had multiple offers before the house was even done. It sold in 5 days after hitting MLS. This deal paid off huge, 45% R.O.I. The day we closed on it we bought the neighbors house for our next project:).
Anyone here have experience or stories to share about complete rehabs of historic homes? They can really be budget busters if you dont know what you are getting into.
Happy Investing!