Updated about 15 hours ago on . Most recent reply
Primary Residence Fixer-upper
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $590,000
Cash invested: $118,000
Primary residence purchased in 2015. Was a fixer-upper that my wife and I renovated ourselves over a two year period. Real Estate appreciated a lot during Covid, so our home has been a great investment.
What made you interested in investing in this type of deal?
Primary Residence
How did you find this deal and how did you negotiate it?
Realtor
How did you finance this deal?
Conventional Loan
How did you add value to the deal?
Renovated the entire home.
What was the outcome?
Have a lot of equity in the property
Lessons learned? Challenges?
Renovation took twice as long as I think it should have because I did much of the work myself.