Updated over 7 years ago on .
From land clearing through the finish
Investment Info:
Single-family residence other investment in Tok.
Cash invested: $70,000
Small, three bedroom one bath house.
What made you interested in investing in this type of deal?
Needed personal housing at the time and didn't want to pay rent
How did you find this deal and how did you negotiate it?
Purchased lot via state lottery.
How did you finance this deal?
Out of personal earnings
How did you add value to the deal?
Designed and built house on weekends and evenings.
What was the outcome?
I have more time and money tied up in this property than perhaps I should have. However since no mortgage was or is involved it has made money faithfully month after month since my family and I moved out of it. Additionally since I built every bit of this from the dirt work up I've had less problems in terms of maintenance than my other houses.
Lessons learned? Challenges?
Finish your house before you move in it gets so difficult after that.