Updated over 5 years ago on .
Rehab by and hold Owasso OK
Investment Info:
Single-family residence buy & hold investment in Owasso.
Purchase price: $57,500
Cash invested: $11,000
Single Family Rehab in Owasso. Purchased for $57,500 and putting $18,000 into it. Was pretty gross...Pop or something all over in one bedroom. I'm on the 3rd week of rehab and plan to finish by next week. The project has gone smoothly (helps having the right contractors). I Did this deal on my own. The ARV Appraisal came back at $127,500. I should be all in below $76,000, or 60% of value.
Attached are some
What made you interested in investing in this type of deal?
Great below market deal for long term buy and hold
How did you find this deal and how did you negotiate it?
Found the deal through word of mouth. Made an offer after initial walk-though. Was able to bring it down an additional $6k after inspection.
How did you finance this deal?
Used a bank and did a rehab loan.
How did you add value to the deal?
Managing the rehab and fully financed the deal with my credit and cash in.
What was the outcome?
Currently at week 3 of rehab, on track to finish early next week. Will rent for $1000-$1100 per month. Going to be all in at 60% of property value.
