Full remodel, buy & hold
Investment Info:
Townhouse buy & hold investment.
Purchase price: $228,000
Cash invested: $55,000
I purchased this property off-market and it is a complete gut job. I will renovate for about $55K and then I will rent it for about $2,500/month. Excited to share pics soon!
What made you interested in investing in this type of deal?
I own two units in this community already.
How did you find this deal and how did you negotiate it?
I am a Realtor.
How did you finance this deal?
Cash.
How did you add value to the deal?
Full remodel.
What was the outcome?
In process!