My worst project yet
1 Reply
Albert Boerstoel
from 19145
posted about 2 years ago
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $200,000
Cash invested: $186,000
Terrible project. Everything we opened up was a can of worms. But once you have it, there's no choice but to make it right.
What made you interested in investing in this type of deal?
6th project, seemed a quick fixer upper in a good town
How did you find this deal and how did you negotiate it?
On the MLS and simply bid
How did you finance this deal?
Cash
How did you add value to the deal?
Fixed up
What was the outcome?
Ok
Lessons learned? Challenges?
Better inspection
Kris L.
from Tampa Bay Area, FL
replied about 2 years ago
What were some of the items missed on inspection, and did you hire an inspector or self inspect?
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