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Updated 25 days ago on . Most recent reply

User Stats

2
Posts
3
Votes
James Brooks
  • Handyman
  • Detroit mi
3
Votes |
2
Posts

One of my personal properties I’m rehabbing

James Brooks
  • Handyman
  • Detroit mi
Posted

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $3,500
Cash invested: $40,000

I’m 80% complete I did all the work myself

What made you interested in investing in this type of deal?

I got tired of paying rent and wanted to be a home owner

How did you find this deal and how did you negotiate it?

Off market property

How did you finance this deal?

Hard cash

How did you add value to the deal?

I fixed it up now it’s worth more

What was the outcome?

80% complete

Lessons learned? Challenges?

Take no shortcuts

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

No

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