House Under remodeling high 200% ROI
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $42,000
Cash invested: $60,000
Buy, refinance and STR
What made you interested in investing in this type of deal?
High ROI
How did you find this deal and how did you negotiate it?
Property auction
How did you finance this deal?
Cash out of pocket
How did you add value to the deal?
Full remodeling
What was the outcome?
As planned
Lessons learned? Challenges?
Don't give a whole project to the stranger to remodel it.
Test him first on 1 room and then you can sign agreement for a whole house remudeling.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
no
