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Updated almost 6 years ago on . Most recent reply

Marisa R.'s profile image
Marisa R.'s profile image
Marisa R.
  • Developer
  • from Atlanta and Detroit
  • Member since Sep 22, 2018
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Marisa R.'s profile image
Marisa R.'s profile image
Marisa R.
  • Developer
  • from Atlanta and Detroit
  • Member since Sep 22, 2018
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Marisa R.
  • Developer
  • Atlanta and Detroit
821
Votes |
601
Posts
Buying & Selling Real Estate

My $7,000 Rental Rehab

Marisa R.
  • Developer
  • Atlanta and Detroit
Posted

Hi Everyone

This is my $7000 rehab, I call it my rental rehab not retail rehab where perhaps a higher standard is required when selling.

This home is around 1450 sq ft. 

I purchased this for $36,000 and rent is around $950-1000 pm

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Michael Cross's profile image
Michael Cross's profile image
Michael Cross
  • Rental Property Investor
  • from Smithsburg, MD
  • Member since Feb 27, 2016
  • Posts 58
  • Votes 41
  • Experience 11 Yrs
  • Investments 1
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Michael Cross's profile image
Michael Cross's profile image
Michael Cross
  • Rental Property Investor
  • from Smithsburg, MD
  • Member since Feb 27, 2016
  • Posts 58
  • Votes 41
  • Experience 11 Yrs
  • Investments 1
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Michael Cross
  • Rental Property Investor
  • Smithsburg, MD
41
Votes |
58
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Michael Cross
  • Rental Property Investor
  • Smithsburg, MD
Replied

Marisa,

Thats practically the 3% rule, well done. Is that property in Atlanta or Detroit? How extensive was the rehab - it seems you refinished the floors, what else did you have to do in that $7,000?

  • Michael Cross
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