Updated over 5 years ago on . Most recent reply
College rental with a cool looking wizard tower.
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $70,000
Cash invested: $15,000
We created Value in this property by finishing out the basement adding around 900 Sq Ft of living space. It's also right by a local Christian college so it was super easy to get good tenants in quick.
How did you add value to the deal?
We created Value in this property by finishing out the basement adding around 900 Sq Ft of living space. It's also right by a local Christian college so it was super easy to get good tenants in quick.
What was the outcome?
we have a great rental property in great part of town that is cash flowing over 1%.
Lessons learned? Challenges?
On this one, I learned the importance of adding value. not just giving a place a facelift.
