2 Bed 2 Bath Halfplex In Sacramento
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $223,000
Cash invested: $60,000
Single family halfplex needed a complete rehab
What made you interested in investing in this type of deal?
This halfplex was a pocket listing at my brokerage, i had to time to think and analyze the deal properly
How did you find this deal and how did you negotiate it?
This halfplex was a pocket listing at my brokerage
How did you finance this deal?
Private money
How did you add value to the deal?
I rehabbed the property, widened the driveway to add parking
What was the outcome?
I rented the property and refinanced after 6 months, the property appraised at $309k
Lessons learned? Challenges?
The construction aspect was a challenge with the cost of materials at an all time high.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I refinanced with Hometown lenders and I highly recommend Nick Street.
