Updated about 7 years ago on . Most recent reply
Bought, rehab, holding
Investment Info:
Single-family residence buy & hold investment in Newport News.
Purchase price: $110,000
Cash invested: $50,000
What made you interested in investing in this type of deal?
Income potential
How did you find this deal and how did you negotiate it?
With help of Realtor
How did you finance this deal?
Cash
What was the outcome?
Just as I expected - House got a major face lift, tenants are vetted through my Property Manager. Completely satisfied with outcome.
Lessons learned? Challenges?
Evaluating items/projects to do weighing cost/return, keeping in mind I would be keeping this house.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Agent