Updated almost 7 years ago on .
861 south Hawthorne
Investment Info:
Single-family residence buy & hold investment in Elmhurst.
Purchase price: $338,000
Cash invested: $20,000
Updated 3 bed 1.5 bath
What made you interested in investing in this type of deal?
Distressed home in a good school district
How did you find this deal and how did you negotiate it?
My broker owner
How did you finance this deal?
30 yr with 10% down
How did you add value to the deal?
Refinished whole house hardwood floors. Ss appliances. Ceiling fans. New toilets. New roof. New windows and doors. Whole house new paint.
What was the outcome?
Increased rent
Lessons learned? Challenges?
Never rent to family
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
My broker owner Larry Reedy