Mummified cat and a big discount
Investment Info:
Single-family residence buy & hold investment in Aurora.
Purchase price: $204,500
Cash invested: $31,000
1940 almost a tiny house at 840 sqft 3bd/1bath. We gutted the house down to floor joists and studs and found a mummified cat in the crawlspace, male parts still intact! Still in the rehab stage. Subfloor went in today!
What made you interested in investing in this type of deal?
Ease of entry and a great deal!
How did you find this deal and how did you negotiate it?
Wholesale deal, negotiated price down $20K
How did you finance this deal?
Private money
How did you add value to the deal?
Rehab baby!
What was the outcome?
Pending...
Lessons learned? Challenges?
I never want to hang dry wall on a ceiling again!