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Updated about 4 years ago on .

Wes Waggoner's profile image
Wes Waggoner's profile image
Wes Waggoner
  • Real Estate Agent
  • from Ocean Springs, MS
  • Member since Oct 24, 2019
  • Posts 31
  • Votes 10
  • Experience 4 Yrs
  • Investments 3

User Stats

31
Posts
10
Votes
Wes Waggoner's profile image
Wes Waggoner's profile image
Wes Waggoner
  • Real Estate Agent
  • from Ocean Springs, MS
  • Member since Oct 24, 2019
  • Posts 31
  • Votes 10
  • Experience 4 Yrs
  • Investments 3
Wes Waggoner
  • Real Estate Agent
  • Ocean Springs, MS
10
Votes |
31
Posts
Real Estate Deal Analysis & Advice

First renovation loan

Wes Waggoner
  • Real Estate Agent
  • Ocean Springs, MS
Posted

Investment Info:

Single-family residence buy & hold investment in Biloxi.

Purchase price: $140,000
Cash invested: $8,500

First use of construction/commercial loan. Partnered with my brother Patrick. Needed a new roof, portrait window, cabinets painted, and vanities. All of the rehab reimbursed thru commercial loan draws. That increased the property value by ~$25K.

  • Wes Waggoner
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