Updated almost 5 years ago on . Most recent reply
My first home and 12 years later
Investment Info:
Townhouse buy & hold investment.
Purchase price: $175,000
First Primary residence- House hacked and renovated. Currently rented.
What made you interested in investing in this type of deal?
The neighborhood was great and affordable this house had good bones and a ton of square footage.
How did you find this deal and how did you negotiate it?
MLS REO.
How did you finance this deal?
5% down primary residence.
How did you add value to the deal?
I learned how to do a lot of cosmetic updating. Replaced 1980s pergo floors, freshly painted everything, added trim and mouldings. Countertops and cabinet hardware go a long way and pair well with stainless steel appliances. Oh yeah and had to deal with a roof collapse and insurance completely rebuilding the roof.
