How I increased my income by 7K with 10K down

How I increased my income by 7K with 10K down

Member since 2020 · 22 posts · 26 votes

Investment Info:

Single-family residence buy & hold investment in Zion.

Purchase price: $40,000
Cash invested: $10,000

This property was purchased for cashflow, and it has been very profitable with only minor renovation and initial investment

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

The cashflow opportunity was strong

How did you add value to the deal?

I painted, tore out carpet, and refinished the charming wood floors underneath.

What was the outcome?

This property cashflows approximately 600 per month

Lessons learned? Challenges?

Don't hesitate when you see a deal!

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Lyndsie Gourley, who now works in Houston TX

1Reply
6 views

2 Replies

Jump to latestLatest
  • Theresa HarrisPro Member
    Member since 2019 · 15k+ posts · 11k+ votes
    5y

    Wow. I can't believe you buy a home like that for $40K.  Great job.

  • Member since 2020 · 22 posts · 26 votes
    5y

    Thanks!

Join the conversationCreate a free account to reply, vote on answers and follow this thread.