Updated over 6 years ago on .
1855 East blvd BRRRR
Investment Info:
Single-family residence buy & hold investment in Petersburg.
Purchase price: $27,000
bought an old house for cheap
fixed it up
rented it out
refi'd
What made you interested in investing in this type of deal?
price, location, rents
How did you find this deal and how did you negotiate it?
auction.com
How did you finance this deal?
cash
How did you add value to the deal?
lots of rehab, pretty much new interior and windows
What was the outcome?
successful rental
Lessons learned? Challenges?
tons, education on rehab costs
defining done
working with contractors
clarity in communication
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Maureen Patterson RVA group