Updated about 3 years ago on .
2200 Sqft Basement
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $500,000
Cash invested: $25,000
4 bed 2 bath new build. 2200 sqft basement 2600 sqft home. fully fenced in backyard
What made you interested in investing in this type of deal?
I bought as a primary home, but it didn't work for us. I plan to finish the basement and it should give us a return of over 100k.
How did you find this deal and how did you negotiate it?
MLS
How did you finance this deal?
Conventional 5% down
How did you add value to the deal?
Fence, concrete, framing basement and plumbing in basement
What was the outcome?
Still working on it, started Airbnbing it to pay the mortgage.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Tyler Wilcox Realtor
Bryan Maddex Guild Mortgage Lender
