Updated 7 months ago on . Most recent reply
My Bungalow Rescue - Dramatic transformation for 2 homes in St Augustine, Florida
Investment Info:
Small multi-family (2-4 units) buy & hold investment in St Augustine.
Purchase price: $230,000
Cash invested: $200,000
Two homes on half an acre. CURRENT FOR SALE.
Homes were in disrepair and needed immediate renovation.
What made you interested in investing in this type of deal?
Attracted to 2 homes on unique wooded property.
How did you find this deal and how did you negotiate it?
MLS. It was a cash purchase.
How did you finance this deal?
Cash
How did you add value to the deal?
Major rehab on the land and both homes over 1.5 years.
What was the outcome?
Stunning transformation
Lessons learned? Challenges?
Major lessons learned in all areas. See my video on this for more info.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I am a real estate agent.
