Buy as Primary Residence, Rehab, Rent & Sell

[John Harris]

Investment Info:

Single-family residence buy & hold investment in Winters.

Purchase price: $335,000
Cash invested: $35,000
Sale price: $395,000

Bought as a Primary Residence using VA loan, I rehabbed it for 18 months while living it. I use the managing rental property book by bigger pockets to rent it out. I sold it after 3 years of renting for a profit.

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

Crappiest looking house in the best location

How did you find this deal and how did you negotiate it?

Zillow and use a relator

How did you finance this deal?

VA Loan

How did you add value to the deal?

Simple things like paint, light fixtures, new fence, land scaping, paint cabinets with new hardware.

What was the outcome?

Nice cash flow and large profit it at the sale

Lessons learned? Challenges?

The power of location and how to use your personal property as an investment. I put on solar panels on my last property, huge waste of money, I would of profited much more if I didn't.