Hagerstown North End Rehab

[Trey Williams]

Investment Info:

Single-family residence buy & hold investment in Hagerstown.

Purchase price: $81,600
Cash invested: $27,000
Sale price: $130,000

Property valued at $125K - $130K. Currently holding for a refinance and rehab project in the coming weeks.

What made you interested in investing in this type of deal?

Rehab was minimal

How did you find this deal and how did you negotiate it?

I found this deal on market when I was a realtor and negotiated with HUD

How did you finance this deal?

Bank Financing with 20% DP

How did you add value to the deal?

Complete plumbing and cosmetic repairs

What was the outcome?

Low DP with low rehab cost. Was a good first deal.

Lessons learned? Challenges?

Patience and persistence is key.

[Michael Cross]

Use the elementary school districts to help sub-segment that part of Hagerstown. You will see where the Fountaindale Elementary School boundary starts which is an 8/10 rated school and north of its southern boundary, to include North Hagerstown High School's boundaries. Zillow is good for the school lines.

Washington County Maryland is unique in that they have magnet programs at a bunch of the schools that the kids can go and less overcrowding so other than a measuring stick for crime the parents have tons of options for their kids school wise. Some of the High Schools rate a little lower like North Hagerstown 5/10 but its a very solid school. my own children go to Smithsburg schools in the same county so we are very familiar with all of the programs and areas.