Buy and Hold (to flip)

[Ian Porter]

Investment Info:

Single-family residence buy & hold investment in Albany.

Purchase price: $20,000
Cash invested: $13,500
Sale price: $55,000

This property was bought as a buy and hold property that required heavy
(mostly) cosmetic upgrades inside and out. This project had some unique challenges but provided a great return and rented for higher than most (if not all) of the 2 bedroom homes in the neighborhood. The home rented for $649 per month and was leased for the full 12 month duration of lease and later sold.