Cash purchase + Rehab turns into hefty cashflow!

Cash purchase + Rehab turns into hefty cashflow!

Member since 2020 · 22 posts · 26 votes

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $21,000
Cash invested: $28,000

This was a gut rehab in Kalamazoo, MI. This made me a great initial cash flow of about $900/month. Refinanced in 2020 for 74K Cash Out. Current cashflow is about $500.

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  • Loren SouersPro Member
    Real Estate Broker · Portage, MI · Member since 2015 · 50 posts · 12 votes
    5y

    Congrats! That's great. What neighborhood are you in? I am also working in the Kalamazoo market. Also looking to team up to do some deals. 

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