Investment Info:

Single-family residence buy & hold investment.

Purchase price: $289,000
Cash invested: $57,800

3/3 Single Family Residence, 10,080 Square Feet Lot, Built in 1987. 1,789 Interior Square Feet.

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

This is a great find with a peek-a-boo view of a lake.

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

Since 2022 I've worked with a local realtor who helps me find deals.

How did you finance this deal?

20% down conventional financing

How did you add value to the deal?

Total gut remodel

What was the outcome?

Good thing we gutted this 80's property. There was hidden water damage and a bit of mold behind the cabinets. All new bathrooms now, new cabinets, new kitchen. Total facelift so this house will have a new life!

Lessons learned? Challenges?

The back yard has a large deck that I did not expect to replace but ultimately it was necessary. Again, thinking long-term on this property.

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

Ryan Lindholm