Fix this Old House "The Money Maker"
Investment Info:
Single-family residence buy & hold investment in Anniston.
Purchase price: $2,000
Cash invested: $30,000
Larger house that needed total repair.
What made you interested in investing in this type of deal?
It was the worst house in the neighborhood. It was a killer deal.
How did you finance this deal?
This deal was a cash deal.
How did you add value to the deal?
Value was added in every way imaginable.
What was the outcome?
The outcome is a successful sturdy rental for years to come.
Lessons learned? Challenges?
I Learned to be quicker on rehabs. You can't turn an old house into a million dollar home. Nothing is square or level plan on it.