Updated about 2 years ago on . Most recent reply
Buy and Hold #1
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $160,000
$15,000 remodel, got 100% of my money back once I cash out refinanced
How did you find this deal and how did you negotiate it?
Property Management Company
How did you finance this deal?
Investment SFH loan; cashout refinance
How did you add value to the deal?
Updated bathrooms, floors, paint and lights
What was the outcome?
Got all my money back on the refinance
Lessons learned? Challenges?
Infinite returns because technically I got all my money back out and now it's cash flowing.
