$7,000 purchase, now the rehab

[Derrick E.]

Some of you may have read my post and/or watched the video of my $11,000 house. That is all in after all rehabbing. Currently rented out for $500/month. Could have easily gotten $550/month.

Well we are now rehabbing another house. Initial purchase price is also $7,000 (same as the $11,000 house.) I wanted to show some videos of this house as we update and go through the rehab process. Please keep in mind that I am a small timer still starting out. I do most of the work myself and I contract out some of the work through a local handyman that I use. 

I also invest strictly for cash flow and plan to keep my properties for a long long time. 

Anyways. I started on this house this week and here are the videos I made from this week with my phone. Also please remember I am not into film and such, just a guy with a phone who films stuff when I think about it and also have a few minutes to do so.

This house had a tenant in it for $441/month with around 2 months left on the lease when we bought it.

1st Video

2nd Video