McLean SFH Full Reno
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $1,205,000
Cash invested: $550,000
Home was outdated for its high end market, purchased to fully renovate inside and out and take it to "like new-construction" tier. Total all-in cash: $1,750,000
What made you interested in investing in this type of deal?
Entry to new con
How did you find this deal and how did you negotiate it?
Retail
How did you add value to the deal?
Heavy reno all throughout
Lessons learned? Challenges?
Take up subcontracting rather than outsource it
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
No