Updated almost 3 years ago on . Most recent reply
Manayunk Rehab - Buy and Hold.
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $150,000
Cash invested: $10,000
Purchased this property as a minor fixer upper to rent and hold.
How did you find this deal and how did you negotiate it?
MLS. Negotiated price down through the inspection process by obtaining market quotes for rehab costs. Saved by doing much of the work myself.
How did you finance this deal?
FHA Loan
How did you add value to the deal?
Rehab.
What was the outcome?
Property Cash Flows great! Learned some tough lessons by not fixing things right the first time along the way.