All Forum Posts by: Beth Sauls

We had it five years and put 20% (approx $280k) down at purchase. We had done the improvements primarily for ourselves - with an eye toward hypothetical resale when making finish selections - but when the market went nuts in late 2020 we saw the opportunity to get all our cash out, make a profit and move somewhere less expensive in So Cal. House went for about $150k over asking in a couple days with multiple offers - but fully admit it was primarily luck and timing (and really smart choices on the improvements we had made)!

Investment Info:

Single-family residence other investment.

Purchase price: $1,443,500
Cash invested: $700,000
Sale price: $2,670,000

Dated 1950's house with deferred maintenance

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

Necessity for place to live!

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

Real estate agent

How did you finance this deal?

Conventional

How did you add value to the deal?

Speedy, clean deal